(a) Any fees or assessments imposed by state law for the incorporation, regulation, or operation of trust companies do not apply to the Texas Treasury Safekeeping Trust Company.
(b) A participant that has money or securities on deposit with the trust company shall pay the fees provided in the trust company’s fee schedule developed under § 404.103(f). The trust company may:
(1) deduct a fee from the principal or earning of a participant on deposit with the trust company; or
(2) require a participant to pay a fee from an amount not on deposit with the trust company.