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Texas Occupations Code - OCC § 901.155. Scholarship Trust Fund for Accounting Students

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

(a) The fee for the issuance or renewal of a license under this chapter consists of:

(1) the amount of the fee set by the board under Section 901.154;  and

(2) an additional $10 annual fee to be deposited to the credit of the scholarship trust fund for accounting students.

(b) The scholarship trust fund for accounting students is held by the board outside the state treasury and may be used only to:

(1) provide scholarships under Subchapter N   1 to accounting students in a program designed to qualify each student to apply for certification as a certified public accountant;  and

(2) pay administrative costs under Subsection (c).

(c) The administrative costs incurred to collect the fee imposed under Subsection (a)(2) and to disburse the money may not exceed 10 percent of the total money collected.

(d) Notwithstanding Section 404.071, Government Code, interest earned on amounts in the scholarship trust fund for accounting students shall be credited to that fund.

1  V.T.C.A., Education Code § 61.751 et seq.
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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 901.155. Scholarship Trust Fund for Accounting Students - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-901-155/

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