Sec. 51.413. TRANSFERS FROM THE REAL ESTATE SPECIAL FUND ACCOUNT TO THE AVAILABLE SCHOOL FUND AND THE PERMANENT SCHOOL FUND

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The board may, by a resolution adopted at a regular meeting, release from the real estate special fund account funds previously designated under Section 51.401 of this chapter or managed, used, or encumbered under Section 51.402 or Section 51.4021 of this chapter to be deposited in the State Treasury to the credit of:
(1) the available school fund; or
(2) the State Board of Education for investment in the permanent school fund.

Added by Acts 2007, 80th Leg., R.S., Ch. 1368 , Sec. 8, eff. June 15, 2007.

                    
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