Sec. 2305.024. INVESTMENT OF MONEY AND DEPOSIT OF INTEREST. (a) The comptroller may invest unobligated money in the account in accordance with Subchapter C, Chapter 404.
(b) The comptroller shall deposit to the credit of the account all interest or other income received from the investment of the money.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.74, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2305 - Restitution for Oil Overcharges
Subchapter C. Financial Provisions
Section 2305.021. Oil Overcharge Account
Section 2305.022. Use of Account
Section 2305.023. Account Records; Energy Office Report
Section 2305.024. Investment of Money and Deposit of Interest
Section 2305.026. Effect of Restriction on Use or Receipt of Money