Section 472.110 - Fees and Disposition of Funds(a) Subject to the limitations, if any, in the applicable enabling legislation, each agency may set the amount of fees by statute or rule as necessary for the purpose of carrying out the functions of the agency.(b) All fees and funds collected by an agency, any funds appropriated to the agency, and any other funds belonging to or under the control of an agency shall be deposited in interest-bearing deposit accounts in the Texas Treasury Safekeeping Trust Company. The comptroller shall contract with the agency for the maintenance of the deposit accounts under terms comparable to a contract between a commercial banking institution and its customers. An agency may not hold funds in an account that is not under the control of the comptroller.(c) An agency shall use the comptroller's uniform statewide accounting system under Chapter 2101 to make all payments, other than direct payments from an agency's account to the Texas Treasury Safekeeping Trust Company.(d) An agency shall remit all administrative penalties collected by the agency to the comptroller for deposit in the general revenue fund.Tex. Gov't. Code § 472.110
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 150,Sec. 1, eff. 9/1/2013.