Texas Government Code 443.0101 – Capitol Fund
Current as of: 2024 | Check for updates
|
Other versions
(a) Money and securities donated to the board shall be held in trust outside the treasury by the comptroller in a special fund to be known as the Capitol fund. The comptroller shall manage and invest the fund on behalf of the board as directed or agreed to by the board.
(b) Interest, dividends, and other income of the fund shall be credited to the fund. The proceeds from the sale of unused surplus property under § 443.006(b) shall be deposited in the fund.
Terms Used In Texas Government Code 443.0101
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Donor: The person who makes a gift.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The executive director shall submit to the board a detailed annual report on the fund. That report shall describe the status of the fund and shall list all donations to the fund, including the name of each donor, and all disbursements from the fund, including the purpose of each disbursement.
(d) Repealed by Acts 2001, 77th Leg., ch. 1462, Sec. 10, eff. June 17, 2001.
(e) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 915, Sec. 6, eff. June 17, 2011.