Texas Education Code 43.020 – Treatment of Accrued Income
Current as of: 2024 | Check for updates
|
Other versions
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 § 5, Article VII, Texas Constitution.