(a) The Texas emerging technology fund is a dedicated account in the general revenue fund.
(b) The following amounts shall be deposited in the fund:
(1) any amounts appropriated by the legislature for the fund;
(2) benefits realized from a project undertaken with money from the fund, as provided by a contract entered into under Section 490.103;
(3) gifts, grants, and other donations received for the fund; and
(4) interest earned on the investment of money in the fund.

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Terms Used In Texas Government Code 490.101

  • Contract: A legal written agreement that becomes binding when signed.