Texas § PW.21.107 - ADDITIONAL TRANSFERS
Full text of Texas The Texas Constitution § PW.21.107 — ADDITIONAL TRANSFERS, with citation guidance and answers to common questions.
§ PW.21.107. ADDITIONAL TRANSFERS
ADDITIONAL TRANSFERS. (a) If the amount credited to the sinking and interest fund at the end of the fiscal year is insufficient to pay the interest coming due and the principal maturing on bonds for the next fiscal year, the comptroller shall transfer from the first money coming into the treasury, not otherwise appropriated by the constitution, an amount stipulated in the certification of the director as is necessary to pay the interest and principal on the bonds. (b) The director shall certify the amount required to be stipulated by Subsection (a) of this section as of August 15 of each fiscal year. Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 17.05, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § PW.21.107
What does The Texas Constitution § PW.21.107 cover?
Section PW.21.107 ("ADDITIONAL TRANSFERS") 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.21.107?
A common citation format is "The Texas Constitution § PW.21.107" (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.21.107 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.