TITLE: Relating to the percentage of the annual distribution from the permanent school fund set aside for the state instructional materials fund.

SUMMARY: Relating to the percentage of the annual distribution from the permanent school fund set aside for the state instructional materials fund.

FULL TEXT:
AN ACT relating to the percentage of the annual distribution from the permanent school fund set aside for the state instructional materials fund. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 43.001(d), Education Code, is amended to read as follows: (d) Each year the State Board of Education shall set aside an amount equal to 60 [50] percent of the annual distribution for that year from the permanent school fund to the available school fund as provided by Section 5(a), Article VII, Texas Constitution, to be placed, subject to the General Appropriations Act, in the state instructional materials fund established under Section 31.021. SECTION 2. This Act takes effect September 1, 2015.