Texas § OC.2001.436 - DISBURSEMENT OF FUNDS BY DISSOLVED UNIT
Full text of Texas The Texas Constitution § OC.2001.436 — DISBURSEMENT OF FUNDS BY DISSOLVED UNIT, with citation guidance and answers to common questions.
§ OC.2001.436. DISBURSEMENT OF FUNDS BY DISSOLVED UNIT
DISBURSEMENT OF FUNDS BY DISSOLVED UNIT. (a) Sections 2001.457 (a) and (b) apply to a unit formed under this subchapter. For purposes of this subchapter, the requirements of Sections 2001.457 (a) and (b) that are applicable to a licensed authorized organization shall be applied to a unit. (b) A unit that has dissolved for any reason and has unexpended bingo funds shall disburse those funds to the bingo account of each member of the unit before the end of the next calendar quarter after the calendar quarter in which the unit dissolves. (c) For purposes of the application of Sections 2001.457 (a) and (b) to a unit under this section: (1) "Adjusted gross receipts" means gross receipts less the amount of cost of goods purchased by a unit and prizes paid in the preceding quarter; and (2) "Cost of goods purchased by a unit" means the cost of bingo paper and pull-tab bingo tickets purchased by the unit and payments to distributors for electronic cardminding devices. Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.2001.436
What does The Texas Constitution § OC.2001.436 cover?
Section OC.2001.436 ("DISBURSEMENT OF FUNDS BY DISSOLVED UNIT") 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.2001.436?
A common citation format is "The Texas Constitution § OC.2001.436" (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.2001.436 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.