Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 10. GENERAL GOVERNMENT |
Subtitle C. STATE ACCOUNTING, FISCAL MANAGEMENT, AND PRODUCTIVITY |
Chapter 2108. SAVINGS INCENTIVE PROGRAM FOR STATE AGENCY |
Sec. 2108.103. RETENTION OF FUNDS
Latest version.
-
(a) The affected agency retains one- fourth of the amount of savings verified by the comptroller, not to exceed one percent of the amount of undedicated general revenue derived from nonfederal sources appropriated to the agency for the fiscal year in which the savings are realized.
(b) Savings retained under this section may only be appropriated by the legislature to the affected agency. The agency may spend the savings only on an activity or expense that does not:
(1) create new or expanded services; or
(2) require ongoing funding at a later date.
Added by Acts 2003, 78th Leg., ch. 450, Sec. 1, eff. Sept. 1, 2003.