Texas Family Code - Section 3.402. Economic Contribution

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§ 3.402. ECONOMIC CONTRIBUTION.  (a) For purposes of this 
subchapter, "economic contribution" is the dollar amount of:
		(1)  the reduction of the principal amount of a debt 
secured by a lien on property owned before marriage, to the extent 
the debt existed at the time of marriage;
		(2)  the reduction of the principal amount of a debt 
secured by a lien on property received by a spouse by gift, devise, 
or descent during a marriage, to the extent the debt existed at the 
time the property was received;
		(3)  the reduction of the principal amount of that part 
of a debt, including a home equity loan:
			(A)  incurred during a marriage;                                             
			(B)  secured by a lien on property;  and                                     
			(C)  incurred for the acquisition of, or for 
capital improvements to, property;
		(4)  the reduction of the principal amount of that part 
of a debt:          
			(A)  incurred during a marriage;                                             
			(B)  secured by a lien on property owned by a 
spouse;                      
			(C)  for which the creditor agreed to look for 
repayment solely to the separate marital estate of the spouse on 
whose property the lien attached;  and
			(D)  incurred for the acquisition of, or for 
capital improvements to, property;
		(5)  the refinancing of the principal amount described 
by Subdivisions (1)-(4), to the extent the refinancing reduces that 
principal amount in a manner described by the appropriate 
subdivision;  and
		(6)  capital improvements to property other than by 
incurring debt.         
	(b)  "Economic contribution" does not include the dollar 
amount of:          
		(1)  expenditures for ordinary maintenance and repair 
or for taxes, interest, or insurance;  or
		(2)  the contribution by a spouse of time, toil, 
talent, or effort during the marriage.

Added by Acts 1999, 76th Leg., ch. 692, § 2, eff. Sept. 1, 1999.  
Amended by Acts 2001, 77th Leg., ch. 838, § 2, eff. Sept. 1, 
2001.

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Last modified: August 10, 2007