Texas Education Code - Section 43.020. Treatment Of Accrued Income
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§ 43.020. TREATMENT OF ACCRUED INCOME. All interest and
dividends accruing from the investments of the permanent school
fund shall be deposited to the credit of the available school fund
in accordance with the accrual basis of accounting. Funds
recognized under this section are considered part of the available
school fund and may be appropriated as provided by Section 5,
Article VII, Texas Constitution.
Added by Acts 2003, 78th Leg., ch. 201, § 37, eff. June 10, 2003.
Section: 43.013 43.014 43.015 43.016 43.017 43.018 43.019 43.020 44.001 44.0011 44.002 44.003 44.004 44.0041 44.005
Last modified: August 10, 2007
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