Texas law on any date › Natural Resources Code

Natural Resources Code §51.413

In force on Dec 31, 2022 · this text took effect Dec 31, 2022 · same as today's text

TRANSFERS FROM THE REAL ESTATE SPECIAL FUND ACCOUNT TO THE AVAILABLE SCHOOL FUND AND THE PERMANENT SCHOOL FUND

(a) The board may, by a resolution adopted at a regular meeting, release from the real estate special fund account funds previously designated under Section 51.401 or managed, used, or encumbered under Section 51.402 or Section 51.4021 to be deposited in the State Treasury to the credit of: (1) the available school fund; or (2) the Texas Permanent School Fund Corporation for investment in the permanent school fund. (b) The board shall adopt rules to establish the procedure that will be used by the board to determine the date a transfer will be made and the amount of the funds that will be transferred to the available school fund or to the Texas Permanent School Fund Corporation for investment in the permanent school fund from the real estate special fund account as provided by Subsection (a).

History: Added by Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699 ), Sec. 8, eff. June 15, 2007. Amended by: Acts 2015, 84th Leg., R.S., Ch. 735 (H.B. 1551 ), Sec. 1, eff. June 17, 2015. Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608 ), Sec. 11, eff. September 1, 2019. Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 2.09, eff. December 31, 2022.

Source: the Legislature's file server, seen Nov 08, 2026.

Every version on file

Effective Dec 31, 2022 · seen Nov 2026–Nov 2026

Attorney General opinions that cite it

GA-0617 (Oct 16, 2007): Constitutionality of section 51.413, Natural Resources Code, which would authorize the School Land Board to transfer proceeds from the sale of land in the permanent school fund to the available school fund

A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.