Tex. Education Code § 47.003
This is the official text of Tex. Education Code § 47.003, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 47.003. USES OF FUND.
Official statutory text
Except as otherwise provided by this chapter, money in the fund may be appropriated only:
(1) to pay the cost of tier one allotments under Chapter 48; or
(2) for the purpose of reducing school district maintenance and operations ad valorem tax rates.
(1) to pay the cost of tier one allotments under Chapter 48; or
(2) for the purpose of reducing school district maintenance and operations ad valorem tax rates.
Status: in_force · Read it on the official government site
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