Texas Government Code 403.1065 – Permanent Fund for Rural Health Facility Capital Improvement
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(a) The permanent fund for rural health facility capital improvement is a dedicated account in the general revenue fund. The fund is composed of:
(1) money transferred to the fund at the direction of the legislature;
(2) payments of interest and principal on loans made under Subchapter G, Chapter 106, Health and Safety Code, and fees collected under that subchapter;
(3) gifts and grants contributed to the fund; and
(4) the available earnings of the fund determined in accordance with § 403.1068.
(b) Except as provided by Subsections (c), (d), and (e), money in the fund may not be appropriated for any purpose.
Terms Used In Texas Government Code 403.1065
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
(c) The available earnings of the fund may be appropriated to the Texas Department of Rural Affairs for the purposes of Subchapter H, Chapter 487.
(d) The comptroller may solicit and accept gifts and grants to the fund. A gift or grant to the fund may be appropriated in the same manner as the available earnings of the fund, subject to any limitation or requirement placed on the gift or grant by the donor or granting entity.
(e) Money in the fund may also be appropriated to pay any amount of money that the federal government determines that the state should repay to the federal government or that the federal government should recoup from the state in the event of national legislation regarding the subject matter of the case styled The State of Texas v. The American Tobacco Co., et al., No. 5-96CV-91, in the United States District Court, Eastern District of Texas.
(f) Sections 403.095 and 404.071 do not apply to the fund.