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Texas Local Government Code

§ 133.053 — INTEREST-BEARING ACCOUNT

LG § 133.053Title 4. FINANCES · Part C. FINANCIAL PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT · Ch. 133. CRIMINAL AND CIVIL FEES PAYABLE TO THE COMPTROLLER · Art. B. REPORTING, COLLECTION, AND REMITTANCE OF FEES

Statute text

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(a)The treasurer may deposit fees in an interest-bearing account.
(b)The municipality or county may retain any interest accrued on the money the treasurer deposited in the treasury if the treasurer remits the funds to the comptroller within the period prescribed by Section 133.055(a).

Legislative history

Added by Acts 2003, 78th Leg., ch. 209, Sec. 62(a), eff. Jan. 1, 2004.

Source: Texas Local Government Code § 133.053 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.