Texas Tax Code 321.5025 – Distribution of Trust Funds to Defunding Municipality
(a) In this section, “defunding municipality” means a municipality that is considered to be a defunding municipality for the current state fiscal year under Chapter 109, Local Government Code.
(b) Notwithstanding Section 321.502, the comptroller may not, before July 1 of each state fiscal year, send to a defunding municipality its share of the taxes collected by the comptroller under this chapter during the state fiscal year. Before sending the defunding municipality its share of the taxes, the comptroller shall deduct the amount reported to the comptroller for the defunding municipality under Subsection (c) and credit that deducted amount to the general revenue fund. Money credited to the general revenue fund under this subsection may be appropriated only to the Department of Public Safety.
Terms Used In Texas Tax Code 321.5025
- Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
- 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.
- Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
- Municipality: includes any incorporated city, town, or village. See Texas Tax Code 321.002
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) Not later than August 1 of each state fiscal year, the criminal justice division of the governor’s office shall report to the comptroller for each defunding municipality the amount of money the state spent in that state fiscal year to provide law enforcement services in that defunding municipality.