Texas Government Code 316.033 – Funds Excluded
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 316.033
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
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.