Texas Statutes

§ 321.5025 — DISTRIBUTION OF TRUST FUNDS TO DEFUNDING MUNICIPALITY.

Texas § 321.5025
JurisdictionTexas
Code TXTax Code

This text of Texas § 321.5025 (DISTRIBUTION OF TRUST FUNDS TO DEFUNDING MUNICIPALITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tex. Tax Code Code Ann. § 321.5025 (2026).

Text

Sec. 321.5025. DISTRIBUTION OF TRUST FUNDS TO DEFUNDING MUNICIPALITY.

(a)In this section, "defunding municipality" means a municipality that is considered to be a defunding municipality for the current state fiscal year under Chapter 109 , Local Government Code.
(b)Notwithstanding Section 321.502 , the comptroller may not, before July 1 of each state fiscal year, send to a defunding municipality its share of the taxes collected by the comptroller under this chapter during the state fiscal year. Before sending the defunding municipality its share of the taxes, the comptroller shall deduct the amount reported to the comptroller for the defunding municipality under Subsection (c) and credit that deducted amount to the general revenue fund. Money credited to the general revenue fund under th

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Legislative History

Added by Acts 2021, 87th Leg., R.S., Ch. 199 (H.B. 1900 ), Sec. 3.02, eff. September 1, 2021.

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Bluebook (online)
Texas § 321.5025, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TX/321.5025.