§ 47.001 Definition
§ 47.002 Fund Established
§ 47.003 Uses of Fund
§ 47.004 Deposit of Certain Money Dedicated for School District Ad Valorem Tax Rate Reduction
§ 47.005 Certain Money Distributed to Available School Fund
§ 47.006 Deposit of Money Based On Certain Sales and Use Tax Collections
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Texas Education Code Chapter 47 - Tax Reduction and Excellence in Education Fund

  • Bequest: Property gifted by will.
  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Devise: To gift property by will.
  • Donor: The person who makes a gift.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Month: means a calendar month. See Texas Government Code 312.011
  • Property: means real and personal property. See Texas Government Code 311.005
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005