Texas Natural Resources Code
§ 51.412 — REPORT ON USE OF CERTAIN MONEY
NR § 51.412Title 2. PUBLIC DOMAIN · Part D. DISPOSITION OF THE PUBLIC DOMAIN · Ch. 51. LAND, TIMBER, AND SURFACE RESOURCES · Art. I. ACQUISITION OF PUBLIC SCHOOL LAND
Statute text
View on source(a)Not later than September 1 of each even-numbered year, the board shall submit to the legislature, the Texas Permanent School Fund Corporation, and the Legislative Budget Board a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the use of funds:
(1)retained by the board as provided by Section 51.011(a-3); or
(2)designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund.
(b)The board may not disclose information under this section that is confidential under applicable state or federal law.
(c)The report must include the following information:
(1)the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to use in a manner authorized under Section 51.402;
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699), Sec. 7, eff. June 15, 2007. Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608), Sec. 10, eff. September 1, 2019. Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.07, eff. December 31, 2022. Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232), Sec. 2.08, eff. December 31, 2022.