Texas § PW.11.064 - RESTRICTIONS
Full text of Texas The Texas Constitution § PW.11.064 — RESTRICTIONS, with citation guidance and answers to common questions.
§ PW.11.064. RESTRICTIONS
RESTRICTIONS. (a) No expenditure shall be made from the principal of the lifetime license endowment account if that expenditure would lower the unencumbered balance of the principal of the account below $20 million. (b) The interest earnings on and principal in the lifetime license endowment account may not be used to pay salaries or employee benefits. (c) The interest earnings on the lifetime license endowment account may be used for any purpose described by Section 11.063 . (d) The principal in the lifetime license endowment account may be used only for the purpose described by Section 11.063 (3). Added by Acts 1985, 69th Leg., ch. 267, art. 1, Sec. 21, eff. Sept. 1, 1986. Amended by Acts 1993, 73rd Leg., ch. 679, Sec. 6, eff. Sept. 1, 1993. Amended by: Acts 2017, 85th Leg., R.S., Ch. 708 (H.B. 3781 ), Sec. 2, eff. September 1, 2017.
Frequently Asked Questions About Texas § PW.11.064
What does The Texas Constitution § PW.11.064 cover?
Section PW.11.064 ("RESTRICTIONS") 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 § PW.11.064?
A common citation format is "The Texas Constitution § PW.11.064" (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 § PW.11.064 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.