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Texas Constitution:Article III, Section 49-d-16: Difference between revisions
Texas Constitution:Article III, Section 49-d-16 (view source)
Revision as of 10:51, August 11, 2023
, August 11, 2023Text replacement - "general appropriations act" to "General Appropriations Act"
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'''(b) The Broadband Infrastructure Fund is created as a special fund in the State Treasury outside the General Revenue Fund.''' | '''(b) The Broadband Infrastructure Fund is created as a special fund in the State Treasury outside the General Revenue Fund.''' | ||
'''(c) The Fund consists of: (1) money transferred or deposited to the credit of the fund by this constitution, general law, or the | '''(c) The Fund consists of: (1) money transferred or deposited to the credit of the fund by this constitution, general law, or the General Appropriations Act; (2) revenue that the Legislature by general law dedicates for deposit to the credit of the fund; (3) investment earnings and interest earned on money in the fund; and (4) gifts, grants, and donations to the fund.''' | ||
'''(d) Money in the Fund shall be administered by the Comptroller. Money from the Fund may be used, without further appropriation, only for the expansion of access to and adoption of broadband and telecommunications services, including: (1) the development, construction, reconstruction, and expansion of broadband and telecommunications infrastructure or services; (2) the operation of broadband and telecommunications infrastructure; (3) the provision of broadband and telecommunications services; and (4) the reasonable expenses of administering and managing the investments of the fund.''' | '''(d) Money in the Fund shall be administered by the Comptroller. Money from the Fund may be used, without further appropriation, only for the expansion of access to and adoption of broadband and telecommunications services, including: (1) the development, construction, reconstruction, and expansion of broadband and telecommunications infrastructure or services; (2) the operation of broadband and telecommunications infrastructure; (3) the provision of broadband and telecommunications services; and (4) the reasonable expenses of administering and managing the investments of the fund.''' | ||