Texas Transportation Code 1001.151 – Texas Department of Motor Vehicles Fund
Current as of: 2024 | Check for updates
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(a) The Texas Department of Motor Vehicles fund is a special fund in the treasury outside the general revenue fund and the state highway fund.
(b) Except as provided by Subsection (c), and unless otherwise dedicated by the Texas Constitution, the fund consists of:
(1) money appropriated by the legislature to the department;
(2) money allocated to pay fund accounting costs and related liabilities of the fund;
(3) gifts, grants, and donations received by the department;
(4) money required by law to be deposited to the fund;
(5) interest earned on money in the fund; and
(6) other revenue received by the department.
Terms Used In Texas Transportation Code 1001.151
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(c) Money appropriated to the department for Motor Vehicle Crime Prevention Authority purposes and other revenue collected or received by the Motor Vehicle Crime Prevention Authority may not be deposited into the fund.