LegalTips.ORG - Texas INSURANCE CODE - CHAPTER 227

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INSURANCE CODE

CHAPTER 227. DISPOSITION OF PROCEEDS OF CERTAIN PREMIUM TAXES


	§ 227.001.  DISPOSITION OF TAX PROCEEDS.  (a)  The 
proceeds of the taxes imposed under Chapter 221, 222, 224, or 226 
shall be deposited to the credit of the general revenue fund.
	(b)  An amount equal to one-fourth of the proceeds deposited 
under Subsection (a) shall be transferred to the credit of the 
foundation school fund.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.