(a) A department administrator shall deposit money received under § 608.005(a) with the comptroller to be held in trust by the comptroller until disbursed by the department administrator to purchase savings bonds for an individual designated in an authorization under § 608.002 filed with the department administrator.
(b) A disbursing officer shall deposit money received under § 608.005(b) with the comptroller of the political subdivision to be held in trust by the comptroller until disbursed by the disbursing officer to purchase savings bonds for an individual designated in an authorization under § 608.002 filed with the disbursing officer.