In Theory, Texas Has a Dual-Budget System, Meaning the Budget

question 18

Multiple Choice

In theory, Texas has a dual-budget system, meaning the budget authority is shared by the governor and the legislature; however, in practice, the primary player(s) in the budget is/are

• A) the governor.
• B) the legislature.
• C) the taxpayers.
• D) special interests.
• E) the courts.

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Definitions:

Stop Payment Order

A request made to a bank to not process or cancel the payment of a check or transaction previously authorized.

Payor Bank

A bank by which an item is payable as drawn or accepted. It includes a drawee bank.

Settle

To resolve or reach an agreement about a dispute or issue, often resulting in the cessation of legal proceedings.

Provisional Settlement

A temporary arrangement or agreement reached between parties, pending a final decision or settlement.