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Texas Parks and Wildlife Code

§ 11.064 — RESTRICTIONS

PW § 11.064Title 2. PARKS AND WILDLIFE DEPARTMENT · Ch. 11. PARKS AND WILDLIFE DEPARTMENT · Art. E. LIFETIME LICENSE ENDOWMENT ACCOUNT

Statute text

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(a)No expenditure shall be made from the principal of the lifetime license endowment account if that expenditure would lower the unencumbered balance of the principal of the account below $20 million.
(b)The interest earnings on and principal in the lifetime license endowment account may not be used to pay salaries or employee benefits.
(c)The interest earnings on the lifetime license endowment account may be used for any purpose described by Section 11.063.
(d)The principal in the lifetime license endowment account may be used only for the purpose described by Section 11.063(3). Added by Acts 1985, 69th Leg., ch. 267, art. 1, Sec. 21, eff. Sept. 1, 1986. Amended by Acts 1993, 73rd Leg., ch. 679, Sec. 6, eff. Sept. 1, 1993. Amended by:

Legislative history

Acts 2017, 85th Leg., R.S., Ch. 708 (H.B. 3781), Sec. 2, eff. September 1, 2017.

Source: Texas Parks and Wildlife Code § 11.064 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.