Under Texas's Budgetary System, There Is No Power to Shift

question 10

True/False

Under Texas's budgetary system, there is no power to shift monies between agencies or programs when the legislature in not in session.

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Definitions:

Limited Partnership

A partnership where some members have limited liabilities to the amount they invest, while at least one partner has unlimited liability.

Extinguishing

The act of putting an end to something, such as extinguishing a debt, a legal obligation, or a fire.

Dissolution

Dissolution is the process of formally ending the existence of a legal entity such as a company or partnership.

Winding Up

The process of dissolving a company by selling its assets, paying off creditors, and distributing the remaining assets to shareholders.