Texas § 117.125 TRANSFER OF MONEY.

Texas Statutes

§ 117.125 — TRANSFER OF MONEY.

Texas § 117.125

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 117.125 (2026).

Text

Sec. 117.125. TRANSFER OF MONEY.

(a)In the absence of a contrary order from a court having jurisdiction over the registry fund, a clerk may transfer money deposited in the fund into a separate account.

(b)A clerk shall transfer all money deposited in a registry fund under Chapter 1355 , Estates Code, into a separate account.

(c)Money transferred into a separate account under this section must be:

(1)transferred into an account authorized for investment under Chapter 2256 , Government Code, by a local government or investment pool; and

(2)invested according to the investment officer designated under Section 2256.005 , Government Code, by the investing entity of which the county is a member.

(d)A transfer of money into a separate account under this section is exempt from the requiremen

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Sec. 117.125. TRANSFER OF MONEY. (a) In the absence of a contrary order from a court having jurisdiction over the registry fund, a clerk may transfer money deposited in the fund into a separate account.
(b) A clerk shall transfer all money deposited in a registry fund under Chapter 1355 , Estates Code, into a separate account.
(c) Money transferred into a separate account under this section must be:
(1) transferred into an account authorized for investment under Chapter 2256 , Government Code, by a local government or investment pool; and
(2) invested according to the investment officer designated under Section 2256.005 , Government Code, by the investing entity of which the county is a member.
(d) A transfer of money into a separate account under this section is exempt from the requirements prescribed by Section 117.121 for disbursements from registry funds.
(e) An investment of money transferred from a registry fund under this section is subject to the limitations, policies, and standards of care provided by Chapter 2256 , Government Code.

Legislative History

Added by Acts 1999, 76th Leg., ch. 196, Sec. 8, eff. Aug. 30, 1999. Amended by: Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488 ), Sec. 22.051, eff. September 1, 2017.