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TEXAS STATUTES AND CODES
CHAPTER 227. DISPOSITION OF PROCEEDS OF CERTAIN PREMIUM TAXES
INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, AND TAXES
SUBTITLE B. INSURANCE PREMIUM TAXES
CHAPTER 227. DISPOSITION OF PROCEEDS OF CERTAIN PREMIUM TAXES
Sec. 227.001. DISPOSITION OF TAX PROCEEDS. (a) The proceeds of
the taxes imposed under Chapter 221, 222, 224, or 226 shall be
deposited to the credit of the general revenue fund.
(b) An amount equal to one-fourth of the proceeds deposited
under Subsection (a) shall be transferred to the credit of the
foundation school fund.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
2005.
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