Tex. Spec. Dist. Local Laws Code § 5009.101 · Subchapter C. PROMOTION AND DEVELOPMENT FUND
ESTABLISHMENT OF FUND; DEPOSITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may establish a promotion and development fund.
(b) The district, from time to time, may deposit in the fund a portion of the district's accumulated money, plus an amount each year not to exceed 10 percent of the district's total maintenance and operation taxes, including delinquent taxes, received during a fiscal year.
(c) The commission shall determine the amount to be deposited in the fund.
(d) The money in the fund shall be kept separate from other money and accounts of the district.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 869 (H.B. 2803), Sec. 1.01, eff. April 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5009.htm
- Text hash
- sha256 fe27ba4ce3d77bd6bdd3267d87c1a09fcb1c8badb35b2c37bf716902fd10d885
- 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
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.