Texas Education Code 51.705 – Use of Fund
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(a) When the National Center for Manufacturing Sciences is announced for location in Texas, the existing funds (and all subsequent funds) will be made available for use by the center in accordance with its charter.
(b) Should the center not be located in Texas, the industry grants will be returned to their source and the state’s matching appropriation will be held for reappropriation by the legislature.
Terms Used In Texas Education Code 51.705
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization