Sec. 2108.103. RETENTION OF FUNDS. (a) The affected agency retains one- fourth of the amount of savings verified by the comptroller, not to exceed one percent of the amount of undedicated general revenue derived from nonfederal sources appropriated to the agency for the fiscal year in which the savings are realized.
(b) Savings retained under this section may only be appropriated by the legislature to the affected agency. The agency may spend the savings only on an activity or expense that does not:
(1) create new or expanded services; or
(2) require ongoing funding at a later date.
Added by Acts 2003, 78th Leg., ch. 450, Sec. 1, eff. Sept. 1, 2003.
Section: Previous 2108.101 2108.102 2108.103Last modified: September 28, 2016