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Tex. Agriculture Code § 41.060

DEPOSITORY BANK; EXPENDITURE OF FUNDS

Texas · Texas Agriculture Code · Status: effective

Banking, Finance & Insurance
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Tex. Agriculture Code § 41.060, DEPOSITORY BANK; EXPENDITURE OF FUNDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/626599
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(a) The secretary-treasurer shall deposit all money received by the board under this chapter, including assessments, donations from persons, and grants from governmental agencies, in a bank selected by the board. (b) Money received by the board may be expended for any purpose under this chapter. (c) Funds assessed and collected under this chapter may not be expended for use directly or indirectly to promote or oppose the election of any candidate for public office or to influence legislation.