Sec. 41.060. DEPOSITORY BANK; EXPENDITURE OF FUNDS. (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.
Acts 1981, 67th Leg., p. 1088, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Structure Texas Statutes
Title 3 - Agricultural Research and Promotion
Chapter 41 - Commodity Producers Boards
Subchapter D. Organization, Powers, and Duties of Boards
Section 41.051. Board Established
Section 41.053. Organizational Meeting; Terms of Office
Section 41.054. Officers; Bond
Section 41.056. Majority Vote Requirement
Section 41.058. Powers and Duties
Section 41.059. Budget; Annual Report; Audits