Texas § NR.51.068 - FUND ACCOUNTS
Full text of Texas The Texas Constitution § NR.51.068 — FUND ACCOUNTS, with citation guidance and answers to common questions.
§ NR.51.068. FUND ACCOUNTS
FUND ACCOUNTS. (a) Payments of principal, interest, and lease rental shall be accounted for in a similar form but separate from first payments on land. (b) The comptroller shall deposit 90 percent of the payments on land received each month to the probable fund to which the payments belong as indicated by the commissioner and shall hold the remaining 10 percent of the payments in the suspense account until the comptroller receives notice from the commissioner indicating the proper fund for the payments. After notice is received, the comptroller shall credit the full amount to the proper fund. (c) The commissioner and comptroller shall keep an account with each fund according to advices given by them and shall retain the advices as permanent records. Added by Acts 2015, 84th Leg., R.S., Ch. 3 (S.B. 903 ), Sec. 5, eff. September 1, 2015.
Frequently Asked Questions About Texas § NR.51.068
What does The Texas Constitution § NR.51.068 cover?
Section NR.51.068 ("FUND ACCOUNTS") 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 § NR.51.068?
A common citation format is "The Texas Constitution § NR.51.068" (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 § NR.51.068 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.