Sec. 551.004. BENEFIT FUND  


Latest version.
  • (a) The superintendent may deposit the interest or increment accruing from funds deposited or invested under Section 551.003 into a fund to be known as the benefit fund. The superintendent is the trustee of the fund.

    (b) The superintendent may spend money from the benefit fund for:

    (1) educating or entertaining the patients or clients;

    (2) barber or cosmetology services for the patients or clients; and

    (3) the actual expense incurred in maintaining the fund.

Added by Acts 1991, 72nd Leg., ch. 76, Sec. 1, eff. Sept. 1, 1991.