- (a) The tax reduction and excellence in education fund is a special fund in the state treasury outside the general revenue fund.
(b) The fund consists of:
- (1) money appropriated by the legislature for deposit to the credit of the fund;
- (2) gifts to the state for the purposes of the fund; and
- (3) money directed by law for deposit to the credit of the fund.
Added by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.010, eff. January 1, 2020.