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Texas Health and Safety Code

§ 102.270 — ESTABLISHMENT OF FUND

HS § 102.270Title 2. HEALTH · Part E. HEALTH CARE COUNCILS AND RESOURCE CENTERS · Ch. 102. CANCER PREVENTION AND RESEARCH INSTITUTE OF TEXAS · Art. G. CANCER PREVENTION AND RESEARCH INTEREST AND SINKING FUND

Statute text

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(a)The cancer prevention and research interest and sinking fund is a dedicated account in the general revenue fund.
(b)The fund consists of:
(1)patent, royalty, and license fees and other income received under a contract entered into as provided by Section 102.255; and
(2)interest earned on the investment of money in the fund.
(c)The fund may be used only to pay for debt service on bonds issued as authorized by Section 67, Article III, Texas Constitution, at a time and in a manner to be determined by the legislature in the General Appropriations Act.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 1150 (S.B. 149), Sec. 28, eff. June 14, 2013.

Source: Texas Health and Safety Code § 102.270 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.