{"data":{"id":"us-tx/tex.-parks-and-wildlife-code-11.064","jurisdiction":"us-tx","citation":"Tex. Parks and Wildlife Code § 11.064","heading":"RESTRICTIONS.","body":"(a) No expenditure shall be made from the principal of the lifetime license endowment account if that expenditure would lower the unencumbered balance of the principal of the account below $20 million.\n(b) The interest earnings on and principal in the lifetime license endowment account may not be used to pay salaries or employee benefits.\n(c) The interest earnings on the lifetime license endowment account may be used for any purpose described by Section 11.063.\n(d) The principal in the lifetime license endowment account may be used only for the purpose described by Section 11.063(3).\nAdded by Acts 1985, 69th Leg., ch. 267, art. 1, Sec. 21, eff. Sept. 1, 1986. Amended by Acts 1993, 73rd Leg., ch. 679, Sec. 6, eff. Sept. 1, 1993.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 708 (H.B. 3781), Sec. 2, eff. September 1, 2017.","path":["PARKS AND WILDLIFE CODE","TITLE 2. PARKS AND WILDLIFE DEPARTMENT","CHAPTER 11. PARKS AND WILDLIFE DEPARTMENT","SUBCHAPTER E. LIFETIME LICENSE ENDOWMENT ACCOUNT"],"source_url":"https://statutes.capitol.texas.gov/Docs/PW/htm/PW.11.htm#11.064","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:32Z","sha256":"3aacf65128327881790e4dc3e971664601848bd3042982b464ab11d9b09db646","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-parks-and-wildlife-code-11.063","next":"us-tx/tex.-parks-and-wildlife-code-11.065"},"notice":"GroundRules: Original legal text. Not legal advice."}