Sec. 316.033. FUNDS EXCLUDED. This subchapter applies to funds established by state law, but does not apply to any portion of a fund derived from constitutionally dedicated revenues or to funds or fund balances that are:
(1) dedicated by the Texas Constitution;
(2) held in trust or escrow for the benefit of any person or entity other than a state agency;
(3) pledged to the payment of bonds, notes, or other debts;
(4) derived from gifts, donations, or endowments made to state agencies or institutions of higher education;
(5) pledged to the capital trust fund to be used for construction; or
(6) maintained by institutions of higher education, including the Texas State Technical College System.
Added by Acts 1987, 70th Leg., ch. 167, Sec. 2.06(a), eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 1104, Sec. 5, eff. June 16, 1989; Acts 1991, 72nd Leg., ch. 287, Sec. 30, eff. Sept. 1, 1991; Acts 1997, 75th Leg., ch. 165, Sec. 30.188, eff. Sept. 1, 1997.
Last modified: September 28, 2016