Texas Local Government Code 133.053 – Interest-Bearing Account
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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 § 133.055(a).
Terms Used In Texas Local Government Code 133.053
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005