Texas § OC.901.155 - SCHOLARSHIP TRUST FUND FOR ACCOUNTING STUDENTS
Full text of Texas The Texas Constitution § OC.901.155 — SCHOLARSHIP TRUST FUND FOR ACCOUNTING STUDENTS, with citation guidance and answers to common questions.
§ OC.901.155. SCHOLARSHIP TRUST FUND FOR ACCOUNTING STUDENTS
SCHOLARSHIP TRUST FUND FOR ACCOUNTING STUDENTS. (a) The fee for the issuance or renewal of a license under this chapter consists of: (1) the amount of the fee set by the board under Section 901.154 ; and (2) an additional $10 annual fee to be deposited to the credit of the scholarship trust fund for accounting students. (b) The scholarship trust fund for accounting students is held by the board outside the state treasury and may be used only to: (1) provide scholarships under Subchapter N to accounting students in a program designed to qualify each student to apply for certification as a certified public accountant; and (2) pay administrative costs under Subsection (c). (c) The administrative costs incurred to collect the fee imposed under Subsection (a)(2) and to disburse the money may not exceed 10 percent of the total money collected. (d) Notwithstanding Section 404.071 , Government Code, interest earned on amounts in the scholarship trust fund for accounting students shall be credited to that fund. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 119 (H.B. 2440 ), Sec. 1, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 33 (S.B. 777 ), Sec. 1, eff. May 9, 2011. Acts 2011, 82nd Leg., R.S., Ch. 33 (S.B. 777 ), Sec. 2, eff. May 9, 2011. Acts 2011, 82nd Leg., R.S., Ch. 33 (S.B. 777 ), Sec. 3, eff. May 9, 2011. Acts 2015, 84th Leg., R.S., Ch. 448 (H.B. 7 ), Sec. 31(f), eff. September 1, 2015. Acts 2023, 88th Leg., R.S., Ch. 447 (H.B. 2217 ), Sec. 2, eff. June 9, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.901.155
What does The Texas Constitution § OC.901.155 cover?
Section OC.901.155 ("SCHOLARSHIP TRUST FUND FOR ACCOUNTING STUDENTS") 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.901.155?
A common citation format is "The Texas Constitution § OC.901.155" (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.901.155 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.