Texas § OC.171.013 - FINANCE POWERS
Full text of Texas The Texas Constitution § OC.171.013 — FINANCE POWERS, with citation guidance and answers to common questions.
§ OC.171.013. FINANCE POWERS
FINANCE POWERS. (a) The interstate commission may levy on and collect an annual assessment from each member state to cover the cost of the operations and activities of the interstate commission and its staff. The total assessment must be sufficient to cover the annual budget approved each year for which revenue is not provided by other sources. The aggregate annual assessment amount shall be allocated based on a formula to be determined by the interstate commission, which shall promulgate a rule binding upon all member states. (b) The interstate commission shall not incur obligations of any kind before securing the funds adequate to meet the same. (c) The interstate commission shall not pledge the credit of any of the member states, except by, and with the authority of, the member state. (d) The interstate commission shall be subject to a yearly financial audit conducted by a certified or licensed public accountant and the report of the audit shall be included in the annual report of the interstate commission. Added by Acts 2021, 87th Leg., R.S., Ch. 322 (H.B. 1616 ), Sec. 1, eff. September 1, 2021.
Frequently Asked Questions About Texas § OC.171.013
What does The Texas Constitution § OC.171.013 cover?
Section OC.171.013 ("FINANCE POWERS") 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.171.013?
A common citation format is "The Texas Constitution § OC.171.013" (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.171.013 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.