Skip to main content
Find a Lawyer

Texas Natural Resources Code - NAT RES § 51.412. Report on Use of Certain Money

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

(a) Not later than September 1 of each even-numbered year, the board shall submit to the legislature, the Texas Permanent School Fund Corporation, and the Legislative Budget Board a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the use of funds:

(1) retained by the board as provided by Section 51.011(a-3); or

(2) designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund.

(b) The board may not disclose information under this section that is confidential under applicable state or federal law.

(c) The report must include the following information:

(1) the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to use in a manner authorized under Section 51.402;

(2) the amount of funds retained by the board as provided by Section 51.011(a-3) and the purposes for which the board intends to use those funds;

(3) the amount of the funds the board expects to distribute to the available school fund or the Texas Permanent School Fund Corporation for investment in the permanent school fund under Section 51.413;

(4) the amounts of all fees or other compensation paid by the board to investment consultants and advisors appointed or organizations contracted with under Section 51.4021; and

(5) any other information the board considers necessary to include in the report.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 51.412. Report on Use of Certain Money - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-51-412/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard