133.053 – INTEREST-BEARING ACCOUNT. (a) The treasurer may
Texas Local Government Code § 133.053
Summary
This law allows a treasurer to deposit fees into an interest-bearing account, enabling municipalities or counties to earn interest on these funds. The interest can be retained as long as the treasurer submits the funds to the comptroller within the specified timeframe.
Treasurers can deposit fees in interest-bearing accounts.
Municipalities or counties may keep accrued interest.
Funds must be remitted to the comptroller on time.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's INTEREST-BEARING ACCOUNT. (a) The treasurer may law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.