Tex. Gov't Code § 1207.027 · Subchapter B. ADVANCE REFUNDING PROCEDURES
COMPTROLLER TO ACCEPT AND KEEP SAFE DEPOSITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1207.htm
- Text hash
- sha256 351ba3a6ccec8fca9fcaca8e6b4213ac0745af22091d7feefa90f3e32e7b2f0c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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