Tex. Local Government Code § 104.004
This is the official text of Tex. Local Government Code § 104.004, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 104.004. INTEREST.
Official statutory text
The municipal official responsible for managing and conducting the fiscal affairs shall receive the interest earned on the investments and shall place the interest in the municipal general fund as compensation to the municipality for holding and handling the trust funds and special deposits for the benefit of the persons ultimately entitled to receive the funds and deposits.
Status: in_force · Read it on the official government site
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