OFFICE OF THE AmORNEY GENERAL OF TEXAS 

AUSTIN 

gonorablc C. K. c'avm?es 

state Auditor 

&uM.n, Tccaf3 

Dear Er . Cavnoset 

We eoknorl6~iige reo 

1eglll opmion of thle Depart 

%ng quotation therefrom: 

tter aekfng for 8 

tea in the fallasdistriots 823 

Nos. o-19& 

verago pro8 Corperation 

for county, road 

trict Pmls. 

these tW0 0@1iOn8 

lsrrs alla situations 

on and maintannnee of 

we request your opinion 

ined hewn. 

is a list of the State Schools 

sity of Texas - B;ain College - 

Schciol of U.nas 3nr3 W3tallurgy - El 

PZLSO, Texas 

kertical Drancfi - Galveston, Texas 

John Scaly iiOspit81 - <;alVestOn, Tt?Xas 

*Bf;ri.CUltUX'irl and kl002mniGa1 College - 

College Station, Tesas 

*branchesg 
Honorable C. ti. I;avnese - page 2 

Worth Texas Agrioultural College - 

Arlington, Texas 

John TaMeton Agricultural College - 

Stephenville, Texas 

Brairie View State Normal Collage - 

Prairie View, Texas 

*Texas Technological College - Lubbook, 

Texas 

'Texas aollege of Arts and Industries - 

Xingsville, Texae 

*Texas State College for Women - Denton, 

Tf3x88 

*State Teaohers Collegeeei 

East Texas State Teachers College - 

Cmemeroe , Texas 

North Texan State Teaohera College - 

Denton, Tex88 

Sam Houston State Te8oher8 College - 

Buntsrllle, Texao 

southwest Taxes State Tetiher8 CollegeSan Marcos, Texae 

Stephen F. Austin State Teachers College - 

Nacogdmhos, Texas 

Sul Ross State Teaohere College - Alpine, 

Texas 

West Texas Stste Tesohers Oollege - 

CanyoU, Texas 

*Bearing in mind that the Ualversity of Texas ati 

the Agrioultural arxl Yechanioal College both maintain Bramh 

Colleges which were oreated and which fun&don differently 

from the State Teachers Colleges , eta., we ask your opinion 

as to whether each of' the bank aacouuts maintained by the 

University of Texas and aa& of its Branuhes, by the Agrieultural aad bieChaniC81 College and eaah of its Branches and by 

each of the other l3tate Schools are proteoted in the amount 

of the Five Thousand ($5,000.00) Dollars guaranteed by the 

Federal Deposit Insurance Corporation. In this conneation 

there may be instances where the Ma%n College and one or 

more of its Branches deposit moneys in the same bank, which 

would naturally have a bearing On the queetion. 

"To be a bit more explicit, eaah of,these inotltutions maintains frem one to fifteen bank accounts, the most 

usual titles of which are: 
tionorablo C. ii. Cavness - page 3 

"1. Oeneral Operating Fund 

'~2. P'3tty C8Sh puad 

.3. Dormitory Sink& Fund 

v4. Student Loan Pund 

fl6. Plant Fund 

'6. Agency Fund.9 

We 8re Of the OpilliOn your questions as answered 

iu our Opinions Nos. o-1948 and o-lQ49, together with the 

further exposition contained in the euocseding paragraph, 

will meet your various situations. 

Rvvon though an aououut is oarried in the name of 

8 legal entity, nevertheless, if the 80eount shows to be a 

trust account, legally charged with 8 speoifla use or for a 

definite purpose, it is 8 separate acaount, within the contemplation of the P. D. I. dot from one crarrlecl by the entity in its own right, the deposit being by the institution 

or entity in 8 separate oapaeity from that of Its general 

illdividil81 right. 

This ObseXV8tiOn is pertinent to your enumerated 

*Fund* Accounts, oarried by the various institutions mentioned by you. A separate fund in the sense that it is 8 

trust, when deposited by the Lnetitution, ia a separate 

8tsomt. If, however, the breaking dam of the deposit 

into VlWiOUS depOSitS Of SO-08llSd fU!lIiS iS llISl't3ly 8lUStter of oonvenienae to the institution, then the rule just 

announed would, Of aourse, not 8pply. This opinl.on is, to 

be sure, general in its nature, but it is neaessarily so, 

sinoe your inquiry is general. 

If a more spe~ifio opinion i8 required by you at 

any time, upon a presentation of the speoific case, we will 

be glad to advise further. 

vsry truly yours 

ATTORHi33 GZNSRAL OF TEXALB 

OS-M