104.004 – INTEREST. The municipal official responsible for
Texas Local Government Code § 104.004
Summary
This law mandates that the municipal official overseeing fiscal affairs must deposit interest earned from investments into the municipal general fund. This serves as compensation for managing trust funds and special deposits intended for beneficiaries.
Municipal officials must manage investment interest earnings.
Interest is deposited into the municipal general fund.
Compensation is for handling trust funds and special deposits.
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In simple terms: Learn about Texas's INTEREST. The municipal official responsible for law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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