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Texas Government Code - GOV'T § 316.031. Legislative Finding and Intent

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The legislature finds that, to ensure the efficient operation of state agencies and to provide for the necessary costs of state government operation, it is in the public interest to provide a means for periodic legislative review and control of unobligated cash balances and income held by state agencies in funds other than the general revenue fund.

(b) It is the intent of the legislature that:

(1) funds with an unobligated balance at the end of a fiscal year in excess of that amount necessary to fulfill an agency's statutory duties shall be identified within the General Appropriations Act by fund;  and

(2) the amounts of unobligated actual or projected balances held in those funds in excess of the amounts determined by the legislature to be sufficient to fulfill statutory requirements shall be appropriated to the general revenue fund.

(c) Any appropriation of fund balances made under this subchapter is for the purpose of providing for the cost of operation of state government.  The amount of an unobligated fund balance to be appropriated to the general revenue fund may be designated in the General Appropriations Act as a sum certain or designated through use of a formula or percentage.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 316.031. Legislative Finding and Intent - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-316-031/

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