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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 4. EXECUTIVE BRANCH |
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Subtitle A. EXECUTIVE OFFICERS |
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Chapter 404. STATE TREASURY OPERATIONS OF COMPTROLLER |
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Subchapter E. GENERAL DUTIES |
Sec. 404.073. FUNDS OUTSIDE TREASURY
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(a) The comptroller may be the trustee of funds or property outside the treasury.
(b) The comptroller functioning as the trustee of funds or property outside the treasury may contract with the treasury to manage the funds or property in a manner similar to the management of funds in the treasury.
(c) Interest that has been and that will be accrued or earned from deposits made under a law to which this subsection applies is state funds not subject to allocation or distribution to taxing units, cities, or transportation authorities under that law. This subsection applies to:
(1) Section 205.02, Alcoholic Beverage Code;
(2) Section 2001.507, Occupations Code;
(3) Section 403.105(d) of this code;
(4) Sections 321.501 and 321.504, Tax Code;
(5) Sections 322.301 and 322.304, Tax Code; and
(6) Sections 323.501 and 323.504, Tax Code.