Texas Education Code

§ 88.522 — ACCOUNT

ED § 88.522Title 3. HIGHER EDUCATION · Part D. THE TEXAS A & M UNIVERSITY SYSTEM · Ch. 88. AGENCIES AND SERVICES OF THE TEXAS A & M UNIVERSITY SYSTEM · Art. F. EQUINE RESEARCH

Statute text

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(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.

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Legislative history

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.