Sec. 403.0122. DEPOSIT OF AMERICAN RECOVERY AND REINVESTMENT ACT MONEY. (a) In this section:
(1) "Fund" means the American Recovery and Reinvestment Act fund.
(2) "Recovery act" means the federal American Recovery and Reinvestment Act of 2009 (Pub. L. No. 111-5).
(b) The American Recovery and Reinvestment Act fund is created as a special fund in the state treasury outside the general revenue fund.
(c) Notwithstanding any other law of this state and except as otherwise provided by federal law, state agencies that receive money under the recovery act shall deposit the money to the credit of the fund as the comptroller determines is necessary to hold and account for money received under the recovery act.
(d) Other money may be deposited to the credit of the fund as appropriated by the legislature, as required by federal law, or as necessary to account for money related to the recovery act. Money deposited to the credit of the fund may only be used for the purposes identified in the recovery act to stimulate the economy, including aid for unemployment, welfare, education, health, and infrastructure.
(e) Agencies shall transfer amounts between the fund and other accounts and funds in the treasury as necessary to properly account for money received under the recovery act as directed by the comptroller. This section does not affect the authority of the comptroller to establish and use accounts necessary to manage and account for revenues and expenditures.
(f) Interest earned on money deposited to the credit of the fund is exempt from Section 404.071. Interest earned on money in the fund shall be retained in the fund.
(g) The comptroller may issue guidelines for state agencies regarding the implementation of this section.
Added by Acts 2009, 81st Leg., R.S., Ch. 1051 (H.B. 4583), Sec. 20(b), eff. June 19, 2009.
Structure Texas Statutes
Subtitle A - Executive Officers
Chapter 403 - Comptroller of Public Accounts
Subchapter B. General Powers and Duties
Section 403.011. General Powers
Section 403.0111. Distribution of Federal Tax Information
Section 403.0115. Reports Published on Internet
Section 403.0116. Municipal and County Budgets on Internet
Section 403.012. Acceptance of Federal Money or Property
Section 403.0121. Acceptance of Federal Money
Section 403.0122. Deposit of American Recovery and Reinvestment Act Money
Section 403.013. Report to Governor
Section 403.0131. Appropriation Certification
Section 403.014. Report on Effect of Certain Tax Provisions
Section 403.0141. Report on Incidence of Tax
Section 403.0142. Report on Origin of Tax Revenue
Section 403.0143. Report on Use of General Revenue-Dedicated Accounts
Section 403.0145. Publication of Fees Schedule
Section 403.0147. Report on State Programs Not Funded by Appropriations
Section 403.015. Electronic Computing and Data Processing
Section 403.016. Electronic Funds Transfer
Section 403.0165. Payroll Deduction for State Employee Organization
Section 403.017. Custody of Security for Money and Deeds
Section 403.018. Assistance in Reconstructing Destroyed Records
Section 403.019. Contracts to Collect Out-of-State Debts
Section 403.0195. Contracts for Information About Property Recoverable by the State
Section 403.021. Encumbrance Reports
Section 403.0221. Performance Audit of Certain Transit Authorities
Section 403.023. Credit, Charge, and Debit Cards
Section 403.0231. Credit Card Agreement Benefitting State
Section 403.0232. Credit or Debit Card Agreement Benefiting Public Schools
Section 403.024. Searchable State Expenditure Database
Section 403.0241. Special Purpose District Public Information Database
Section 403.0242. Special Purpose District Noncompliance List
Section 403.0245. Availability on Internet of Certain Information on State Grants
Section 403.0246. Local Development Agreement Database
Section 403.0247. Noncompliance; Civil Penalty
Section 403.025. Federal Earned Income Tax Credit
Section 403.026. Electronic Storage and Maintenance of Records
Section 403.027. Digital Signatures
Section 403.0271. Authorizations to Debit State Accounts
Section 403.028. Strategies to Reduce Emissions of Greenhouse Gases
Section 403.029. Transfer of Certain Money to General Revenue Fund