Texas Education Code - Section 45.061. Reimbursement Of Permanent School Fund
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§ 45.061. REIMBURSEMENT OF PERMANENT SCHOOL FUND. (a) If
the commissioner orders payment from the permanent school fund on
behalf of a school district, the commissioner shall direct the
comptroller to withhold the amount paid, plus interest, from the
first state money payable to the school district. The amount
withheld shall be deposited to the credit of the permanent school
fund.
(b) In accordance with the rules of the board, the
commissioner may authorize reimbursement to the permanent school
fund with interest in a manner other than that provided by this
section.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Section: 45.054 45.055 45.056 45.057 45.058 45.059 45.060 45.061 45.062 45.063 45.081 45.082 45.083 45.084 45.085
Last modified: August 10, 2007
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