This law outlines the responsibilities of the comptroller regarding state funds in county depositories that are suspended or regulated. It allows the comptroller to contract with a special depository for the management of these funds and to approve necessary bonds.
Comptroller assesses state funds in suspended county depositories.
Allows contracting with special depositories for fund management.
Bonds for deposit contracts must be approved by the comptroller.
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In simple terms: Learn about Texas's STATE FUNDS. (a) The comptroller shall 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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