Texas § 608.007 TRUST ACCOUNT.

Texas Statutes

§ 608.007 — TRUST ACCOUNT.

Texas § 608.007

Code GVGovernment Code

This text of Texas § 608.007 (TRUST ACCOUNT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 608.007 (2026).

Text

Sec. 608.007. TRUST ACCOUNT.

(a)A department administrator shall deposit money received under Section 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 Section 608.002 filed with the department administrator.

(b)A disbursing officer shall deposit money received under Section 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 Section 608.002 filed with the disbursing officer.

(c)Money held in trust under this section shall be deposited in an account designated as the sa

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Sec. 608.007. TRUST ACCOUNT. (a) A department administrator shall deposit money received under Section 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 Section 608.002 filed with the department administrator.
(b) A disbursing officer shall deposit money received under Section 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 Section 608.002 filed with the disbursing officer.
(c) Money held in trust under this section shall be deposited in an account designated as the savings bond payroll savings account.

Legislative History

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.41, eff. Sept. 1, 1997; Acts 1999, 76th Leg., ch. 1467, Sec. 1.25, eff. June 19, 1999.