Tex. Insurance Code § 251.004: DEPOSIT OF MAINTENANCE TAXES AND SURCHARGES.
Where this section sits in the code
- INSURANCE CODE
- TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES
- SUBTITLE C. INSURANCE MAINTENANCE TAXES AND SURCHARGES
- CHAPTER 251. GENERAL PROVISIONS
(a) Except as provided by Subsection (b), maintenance taxes collected under this subtitle and surcharges collected under Chapter 255 shall be deposited in the general revenue fund and reallocated to the Texas Department of Insurance operating account.
(b) Each state fiscal year, the comptroller shall reallocate to the floodplain management account established under Section 16.453, Water Code, the first $3.05 million of the maintenance taxes collected under Chapter 252 and deposited in the general revenue fund.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1323 (S.B. 1436), Sec. 1, eff. September 1, 2007.
Acts 2019, 86th Leg., R.S., Ch. 947 (S.B. 7), Sec. 3.02, eff. June 13, 2019.
Acts 2025, 89th Leg., R.S., Ch. 358 (S.B. 1455), Sec. 8, eff. January 1, 2026.
Acts 2025, 89th Leg., R.S., Ch. 358 (S.B. 1455), Sec. 9, eff. January 1, 2026.
Collected 2026-08-27T01:47:21Z. Source file · JSON