Texas Natural Resources Code 31.454 – the Alamo Complex Account
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(a) The Alamo complex account is a separate account in the general revenue fund.
(b) The account consists of:
(1) transfers made to the account;
(2) fees and other revenue from operation of the Alamo complex;
(3) grants, donations, and bequests from any source designated for the benefit of the Alamo complex; and
(4) income earned on investments of money in the account.
Terms Used In Texas Natural Resources Code 31.454
- Bequest: Property gifted by will.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The land office may accept a gift, grant, or bequest of money, securities, services, or property to carry out any purpose related to the preservation and maintenance of the Alamo complex, including funds raised or services provided by a volunteer or volunteer group to promote the work of the land office. All proceeds under this subsection shall be deposited to the credit of the account.
(d) Appropriations to the land office for the preservation, operation, or maintenance of the Alamo complex shall be deposited to the credit of the account.
(e) The land office may use money in the account only to administer this subchapter, including to support the preservation, repair, renovation, improvement, expansion, equipping, operation, or maintenance of the Alamo complex or to acquire a historical item appropriate to the Alamo complex.
(f) Any money in the account not used in a fiscal year remains in the account. The account is exempt from the application of § 403.095, Government Code.