Sec. 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, Sec. 37, eff. June 10, 2003.
Section: Previous 43.005 43.0051 43.006 43.007 43.009 43.010 43.011 43.012 43.013 43.014 43.015 43.016 43.017 43.018 43.019Last modified: September 28, 2016