Texas Statutes
§ 453.058 — ACCOUNTS AND DEPOSIT OF MONEY; DEDICATION OF MONEY.
Texas § 453.058
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 453.058 (ACCOUNTS AND DEPOSIT OF MONEY; DEDICATION OF MONEY.) 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. Transportation Code Code Ann. § 453.058 (2026).
Text
Sec. 453.058. ACCOUNTS AND DEPOSIT OF MONEY; DEDICATION OF MONEY.
(a)The board shall deposit all transit department money, other than money invested as provided by Section 453.057 , with the treasurer of the creating municipality to the credit of the accounts described by Subsection (b).
(b)All money received from the collection of the sales and use tax under Subchapter H shall be credited to an account separate from an account to which all other money governed by Subsection (a) shall be credited.
(c)Sales and use tax collections under Subchapter H may be used only for mass transit.
(d)The board may transfer money credited to the account that does not contain sales and use tax collections back to the municipality.
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Legislative History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Nearby Sections
15
§ 453.001
DEFINITIONS.§ 453.002
EXCLUDED MUNICIPALITIES.§ 453.003
CONTINUING APPLICATION OF CHAPTER.§ 453.051
CREATION OF TRANSIT DEPARTMENT.§ 453.053
BOARD.§ 453.054
BOARD MEETINGS.§ 453.057
INVESTMENTS.§ 453.059
LIABILITY OF CREATING MUNICIPALITY.§ 453.061
TRANSPORTATION DISADVANTAGED.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 453.058, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/453.058.