Texas § OC.1105.003 - BUDGET, REVENUES, AND EXPENSES
Full text of Texas The Texas Constitution § OC.1105.003 — BUDGET, REVENUES, AND EXPENSES, with citation guidance and answers to common questions.
§ OC.1105.003. BUDGET, REVENUES, AND EXPENSES
BUDGET, REVENUES, AND EXPENSES. (a) Notwithstanding any other provision of law, including the General Appropriations Act, the commission and the board shall each adopt a separate budget annually using generally accepted accounting principles. (b) The commission shall be responsible for all direct and indirect costs of the commission's existence and operation. The board shall be responsible for all direct and indirect costs of the board's existence and operation. The agency may not directly or indirectly cause the general revenue fund to incur any cost. (c) Notwithstanding any other provision of law, the commission and the board may each set the amounts of the respective fees, penalties, charges, and revenues required or permitted by statute or rule as necessary for the purpose of carrying out the separate functions of the commission and the board and funding the respective budgets of the commission and the board adopted and approved under Subsection (a). (d) All fees and funds collected by the commission or the board and any funds appropriated to the commission or the board shall be deposited in interest-bearing deposit accounts in the Texas Treasury Safekeeping Trust Company. The comptroller shall contract with the commission and the board for the maintenance of the deposit accounts under terms comparable to a contract between a commercial banking institution and the institution's customers. (e) Repealed by Acts 2015, 84th Leg., R.S., Ch. 448 , Sec. 31(l)(16), eff. September 1, 2015. (f) Not later than August 31 of each fiscal year, the agency shall remit $750,000 to the general revenue fund. (g) The fiscal year for the agency begins on September 1 and ends on August 31. Added by Acts 2011, 82nd Leg., R.S., Ch. 1333 (S.B. 1000 ), Sec. 1, eff. September 1, 2011. Amended by: Acts 2015, 84th Leg., R.S., Ch. 448 (H.B. 7 ), Sec. 31(l)(16), eff. September 1, 2015. Acts 2015, 84th Leg., R.S., Ch. 448 (H.B. 7 ), Sec. 32, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.1105.003
What does The Texas Constitution § OC.1105.003 cover?
Section OC.1105.003 ("BUDGET, REVENUES, AND EXPENSES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.1105.003?
A common citation format is "The Texas Constitution § OC.1105.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.1105.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.