Tex. Gov't Code § 404.071 · Subchapter E. GENERAL DUTIES
DISPOSITION OF INTEREST ON INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Interest received from investments of money in funds and accounts in the charge of the comptroller shall be allocated on a monthly basis as follows:
(1) the pro rata portion of the interest received due to each constitutional fund shall be credited to that fund;
(2) the pro rata portion of the interest received due to the game, fish, and water safety fund shall be credited to that fund; and
(3) the remainder of the interest received shall be credited to the general revenue fund.
(b) The legislature may appropriate a portion of the interest under Subsection (a) to the comptroller in the amount necessary to reimburse the comptroller for costs incurred in receiving, paying, accounting for, investing, and safekeeping money in those funds and accounts. Amounts appropriated for that purpose shall be deposited to the credit of the fund established for the deposit of commissions reserved to the comptroller under Section 404.052(d).
(c) If a deficit occurs in the general revenue fund, the comptroller may place with a designated depository bank an offsetting compensating balance in a special depository account known as a special demand account secured by general revenue warrants only.
(d) The comptroller is entitled to rely on the opinion and advice of the attorney general for the proper interpretation and application of this section.
(e) For each special fund or account that contains depository interest, the comptroller shall transfer from the fund or account to the general revenue fund an amount equal to the interest paid from the general revenue fund on behalf of the fund or account. In this subsection:
(1) "Account" means a subdivision of a special fund or the general revenue fund.
(2) "Fund" and "special fund" have the meanings assigned by Section 403.001.
(f) The comptroller may adopt procedures and rules to administer Subsection (e).
(g) Subsection (e) applies notwithstanding any other law.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 4, Sec. 2.07(a), eff. Sept. 1, 1989; Acts 1993, 73rd Leg., ch. 438, Sec. 1, eff. June 6, 1993; Acts 1993, 73rd Leg., ch. 449, Sec. 33, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 426, Sec. 24, eff. June 9, 1995; Acts 1997, 75th Leg., ch. 1423, Sec. 7.66, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 16, Sec. 1, eff. April 20, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.404.htm
- Text hash
- sha256 e4950857a97986555be3e16367696a3d10578eefb5df3070ef80dc5b08f61846
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 41 provisions
Provisions in this library whose text cites Tex. Gov't Code § 404.071. Each shows the citation as that text prints it.
Agriculture Code
Education Code
- Tex. Educ. Code § 54.3411PERMANENT FUND SUPPORTING MILITARY AND VETERANS EXEMPTIONS.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 58A.002PERMANENT FUND SUPPORTING GRADUATE MEDICAL EDUCATION.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 61.9837MATHEMATICS AND SCIENCE TEACHER INVESTMENT FUND.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 63.002ADMINISTRATION AND USE OF FUND.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 63.102ADMINISTRATION AND USE OF FUNDS.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 63.202ADMINISTRATION AND USE OF FUND.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Educ. Code § 63.302ADMINISTRATION AND USE OF FUND.Printed as Sections 403.095 and 404.071, Government Code
Government Code
- Tex. Gov't Code § 403.0122DEPOSIT OF AMERICAN RECOVERY AND REINVESTMENT ACT MONEY.Printed as Section 404.071
- Tex. Gov't Code § 403.1041TOBACCO SETTLEMENT PERMANENT TRUST ACCOUNT.Printed as Section 404.071
- Tex. Gov't Code § 403.105PERMANENT FUND FOR HEALTH AND TOBACCO EDUCATION AND ENFORCEMENT.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.1055PERMANENT FUND FOR CHILDREN AND PUBLIC HEALTH.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.106PERMANENT FUND FOR EMERGENCY MEDICAL SERVICES AND TRAUMA CARE.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.1065PERMANENT FUND FOR RURAL HEALTH FACILITY CAPITAL IMPROVEMENT.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.1066PERMANENT HOSPITAL FUND FOR CAPITAL IMPROVEMENTS AND THE TEXAS CENTER FOR INFECTIOUS DISEASE.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.109PROPERTY TAX RELIEF FUND.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 403.505OPIOID ABATEMENT ACCOUNT.Printed as Section 404.071
- Tex. Gov't Code § 403.552BROADBAND POLE REPLACEMENT FUND.Printed as Section 404.071
- Tex. Gov't Code § 404.106EARNINGS; AUTHORIZED INVESTMENTS.Printed as Section 404.071(a)
- Tex. Gov't Code § 434.017FUND FOR VETERANS' ASSISTANCE.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 437.110POST EXCHANGES ON STATE MILITARY PROPERTY.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 441.073TEXAS PUBLIC LIBRARY FUND.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 442.0083FUNDING FOR HISTORIC COURTHOUSE PRESERVATION PROGRAM; HISTORIC COURTHOUSE PRESERVATION FUND ACCOUNT.Printed as Section 404.071
- Tex. Gov't Code § 442.0145TEXAS HISTORICAL ARTIFACTS PROGRAM; FUND.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 444.027TEXAS COMMISSION ON THE ARTS OPERATING FUND.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 487.559ADMINISTRATION AND USE OF FUND.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Gov't Code § 490I.0108BROADBAND DEVELOPMENT ACCOUNT.Printed as Sections 403.095, 403.0956, and 404.071
- Tex. Gov't Code § 772.006GOVERNOR'S CRIMINAL JUSTICE DIVISION.Printed as Sections 403.095 and 404.071
- Tex. Gov't Code § 1232.123INVESTMENT OF BOND PROCEEDS.Printed as Section 404.071
- Tex. Gov't Code § 1401.063INVESTMENT OF PROCEEDS.Printed as Section 404.071
- Tex. Gov't Code § 2054.577TECHNOLOGY IMPROVEMENT AND MODERNIZATION FUND.Printed as Section 404.071
Health and Safety Code
- Tex. Health & Safety Code § 387.008ENVIRONMENTAL RESEARCH FUND.Printed as Sections 403.095 and 404.071, Government Code
- Tex. Health & Safety Code § 771.0713NEXT GENERATION 9-1-1 SERVICE FUND.Printed as Section 404.071, Government Code
- Tex. Health & Safety Code § 771.0799-1-1 SERVICES FEE FUND.Printed as Section 404.071, Government Code
- Tex. Health & Safety Code § 773.006FUND FOR EMERGENCY MEDICAL SERVICES, TRAUMA FACILITIES, AND TRAUMA CARE SYSTEMS.Printed as Section 404.071, Government Code
Occupations Code
Transportation Code
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