Tex. Gov't Code § 489.105 · Subchapter B. CREATION AND OPERATION OF BANK; TEXAS ECONOMIC DEVELOPMENT BANK FUND
TEXAS ECONOMIC DEVELOPMENT BANK FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Texas economic development bank fund is a dedicated account in the general revenue fund.
(b) The fund consists of:
(1) appropriations for the implementation and administration of this chapter;
(2) fees charged under Subchapter BB, Chapter 481;
(3) interest earned on the investment of money in the fund;
(4) fees charged under this chapter;
(5) investment earnings from the programs administered by the bank;
(6) amounts transferred under Section 2303.504(b);
(7) investment earnings under the Texas product development fund under Section 489.211;
(8) investment earnings under the Texas small business incubator fund under Section 489.212; and
(9) any other amounts received by the state under this chapter.
(c) Money in the fund may be used only to carry out the purposes of this chapter.
(d) The financial transactions of the fund are subject to audit by the state auditor as provided by Chapter 321.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 814, Sec. 2.01, eff. Sept. 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 1004 (H.B. 3271), Sec. 17, eff. June 18, 2021.
Acts 2023, 88th Leg., R.S., Ch. 690 (H.B. 1515), Sec. 8, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm
- Text hash
- sha256 03e51a90bf02ea68b7eb693a469fe9a55ab70b8c46acdebd60b81ab6ee169a6b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code ch. 481, subch. BBACCESS TO CAPITAL PROGRAMSPrinted as Subchapter BB, Chapter 481
- Tex. Gov't Code § 489.211TEXAS PRODUCT DEVELOPMENT FUND.Printed as Section 489.211
- Tex. Gov't Code § 489.212SMALL BUSINESS INCUBATOR FUND.Printed as Section 489.212
- Tex. Gov't Code § 2303.504STATE TAX REFUNDS; REPORT.Printed as Section 2303.504(b)
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 489.105. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.