Occupations Code § 2028.2041

Sec. 2028.2041. ALLOCATION OF CERTAIN FUNDS. (a) In each state fiscal biennium, the comptroller shall deposit the amounts allocated under Section 151.801(c-3), Tax Code, into the escrow account established under Section 2028.204(b), until the comptroller determines the amount deposited into the account in that fiscal biennium equals the greater of: (1) the amount appropriated to the commission for the purposes of Section 2028.204 for that fiscal biennium; or (2) $50 million. (b) Once the comptroller determines the greater of the amount described by Subsection (a)(1) or (2) has been deposited during a state fiscal biennium into the escrow account established under Section 2028.204(b), for the remainder of that fiscal biennium the comptroller shall deposit the amounts allocated under Section 151.801(c-3), Tax Code, into the general revenue fund. (c) The balance of the escrow account established under Section 2028.204(b) shall not exceed $50 million. Added by Acts 2019, 86th Leg., R.S., Ch. 1365 (H.B. 2463), Sec. 5, eff. September 1, 2019.