Texas Natural Resources Code 61.077 – Funds for Administrative Purposes and Emergencies
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(a) The land office may use for administrative purposes not more than 10 percent of the appropriated funds for any state fiscal year.
(b) The land office may withhold a portion of the appropriated funds to maintain a reserve emergency fund to be used for cleaning beaches in the event of a catastrophe, such as an oil spill, an influx of seaweed, or other major interference with public recreational use of public beaches.
Terms Used In Texas Natural Resources Code 61.077
- 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.