Texas Education Code - Section 42.261. Certain Funds Appropriated For Purpose Of Tax Reduction
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§ 42.261. CERTAIN FUNDS APPROPRIATED FOR PURPOSE OF TAX
REDUCTION. (a) Funds appropriated by the legislature for a tax
year for the purpose of reducing a school district's maintenance
and operations tax rate and providing state aid under Section
42.2516:
(1) are not excess funds for purposes of Section
42.2517;
(2) are not available for purposes of Section 42.2521
or 42.2522;
(3) may not be used for purposes of Chapter 46; and
(4) may not be provided by the commissioner to a school
district for a purpose other than reduction of the district's
maintenance and operations tax rate.
(b) The commissioner may adopt rules necessary to
administer this section.
Added by Acts 2006, 79th Leg., 3rd C.S., ch. 5, § 1.07, eff. May
26, 2006.
Section: 42.2531 42.254 42.255 42.257 42.258 42.259 42.260 42.261 42.301 42.302 42.303 42.304 42.352 42.4101 43.001
Last modified: August 10, 2007
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