Sec. 1207.027. COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS

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(a) The comptroller shall:
(1) accept each deposit, payment, or instrument received under this subchapter; and
(2) safely keep and use the money only for a purpose specified in this subchapter.
(b) Money deposited with the comptroller under this subchapter may not be:
(1) used by or for the benefit of this state or for the benefit of a creditor of this state, except as provided by Section 1207.032; or
(2) commingled with other money.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

                    
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