Education Code § 88.522

Creates an equine research account in the general revenue fund, sets who administers it, allows gifts and grants, requires periodic transfers into it, limits yearly spending to 10%, and makes the account subject to audit and other Government Code provisions.

Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

audits fund administration government accounts

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Provisions of Education Code § 88.522

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88.522
Education Code § 88.522
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Creates an equine research account in the general revenue fund, sets who administers it, allows gifts and grants, requires periodic transfers into it, limits yearly spending to 10%, and makes the account subject to audit and other Government Code provisions.

Sec. 88.522. ACCOUNT. (a) A special account known as the equine research account is created in the general revenue fund. Money in the account may be used only for the purposes described in this subchapter. (b) The director shall administer the account through established procedures of Texas AgriLife Research, formerly known as the Texas Agricultural Experiment Station. (c) The comptroller shall periodically transfer the amounts specified by Sections 2028.103(a) and 2028.105(a), Occupations Code, to the account. (d) The director may accept gifts and grants for deposit into the account. (e) The transactions of the director with respect to the account are subject to audit by the state auditor in accordance with Chapter 321, Government Code. (f) Not more than 10 percent of the account may be spent each year on the cost incurred in the operation or administration of the account. (g) All money received by the account under this chapter is subject to Subchapter F, Chapter 404, Government Code. (h) Sections 403.094 and 403.095, Government Code, do not apply to the account. Added by Acts 1991, 72nd Leg., ch. 386, Sec. 73, eff. Aug. 26, 1991. Amended by Acts 1995, 74th Leg., ch. 110, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 522 (H.B. 2271), Sec. 22, eff. September 1, 2011. Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 2.03, eff. April 1, 2019.

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Education Code § 88.522

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