Texas § NR.51.412 - REPORT ON USE OF CERTAIN MONEY
Full text of Texas The Texas Constitution § NR.51.412 — REPORT ON USE OF CERTAIN MONEY, with citation guidance and answers to common questions.
§ NR.51.412. REPORT ON USE OF CERTAIN MONEY
REPORT ON USE OF CERTAIN MONEY. (a) Not later than September 1 of each even-numbered year, the board shall submit to the legislature, the Texas Permanent School Fund Corporation, and the Legislative Budget Board a report that, specifically and in detail, assesses the direct and indirect economic impact, as anticipated by the board, of the use of funds: (1) retained by the board as provided by Section 51.011 (a-3); or (2) designated under Section 51.401 for deposit in the real estate special fund account of the permanent school fund. (b) The board may not disclose information under this section that is confidential under applicable state or federal law. (c) The report must include the following information: (1) the total amount of the funds designated by Section 51.401 for deposit in the real estate special fund account of the permanent school fund that the board intends to use in a manner authorized under Section 51.402 ; (2) the amount of funds retained by the board as provided by Section 51.011 (a-3) and the purposes for which the board intends to use those funds; (3) the amount of the funds the board expects to distribute to the available school fund or the Texas Permanent School Fund Corporation for investment in the permanent school fund under Section 51.413 ; (4) the amounts of all fees or other compensation paid by the board to investment consultants and advisors appointed or organizations contracted with under Section 51.4021 ; and (5) any other information the board considers necessary to include in the report. Added by Acts 2005, 79th Leg., Ch. 1098 (H.B. 2217 ), Sec. 9, eff. June 18, 2005. Amended by: Acts 2007, 80th Leg., R.S., Ch. 1368 (H.B. 3699 ), Sec. 7, eff. June 15, 2007. Acts 2019, 86th Leg., R.S., Ch. 524 (S.B. 608 ), Sec. 10, eff. September 1, 2019. Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 2.07, eff. December 31, 2022. Acts 2021, 87th Leg., R.S., Ch. 875 (S.B. 1232 ), Sec. 2.08, eff. December 31, 2022.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § NR.51.412
What does The Texas Constitution § NR.51.412 cover?
Section NR.51.412 ("REPORT ON USE OF CERTAIN MONEY") 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.51.412?
A common citation format is "The Texas Constitution § NR.51.412" (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.51.412 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.