reglab/housing_qa huggingface dataset:
TX Govt Code § 404.073 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter E. General Duties|Section 404.073. Funds Outside Treasury

Sec. 404.073.  FUNDS OUTSIDE TREASURY.  (a)  The comptroller may be the trustee of funds or property outside the treasury.(b)  The comptroller functioning as the trustee of funds or property outside the treasury may contract with the treasury to manage the funds or property in a manner similar to the management of funds in the treasury.(c)  Interest that has been and that will be accrued or earned from deposits made under a law to which this subsection applies is state funds not subject to allocation or distribution to taxing units, cities, or transportation authorities under that law. This subsection applies to:(1)  Section 205.02, Alcoholic Beverage Code;(2)  Section 403.105(d) of this code;(3)  Sections 321.501 and 321.504, Tax Code;(4)  Sections 322.301 and 322.304, Tax Code; and(5)  Sections 323.501 and 323.504, Tax Code.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1989, 71st Leg., ch. 4, Sec. 2.08(a), eff. Sept. 1, 1989;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.68, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 1420, Sec. 14.750, eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 1051 (H.B. 914), Sec. 9, eff. January 1, 2020.|
TX Govt Code § 404.091 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.091. Short Title

Sec. 404.091.  SHORT TITLE.  This subchapter may be cited as the State Funds Reform Act.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.|
TX Govt Code § 404.092 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.092. Definition

Sec. 404.092.  DEFINITION.  In this subchapter, "state agency" means an office, institution, or other agency that is in the executive branch of state government, has authority that is not limited to a geographical portion of the state, and was created by the constitution or a statute of this state, but does not include an institution of higher education as defined by Section 61.003, Education Code.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.|
TX Govt Code § 404.093 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.093. Applicability of Subchapter; Exemptions

Sec. 404.093.  APPLICABILITY OF SUBCHAPTER;  EXEMPTIONS.  (a)  This subchapter applies to a state agency only to the extent that it is not otherwise required to deposit funds in the treasury.(b)  This subchapter does not apply to:(1)  funds pledged to the payment of bonds, notes, or other debts if the funds are not otherwise required to be deposited in the treasury;(2)  funds held in trust or escrow for the benefit of a person or entity other than a state agency;(3)  funds set apart out of earnings derived from investment of funds held in trust for others, as administrative expenses of the trustee agency;(4)  funds, grants, donations, and proceeds from funds, grants, and donations, given in trust to the Texas State Library and Archives Commission for the establishment and maintenance of regional historical resource depositories and libraries in accordance with Section 441.154;  or(5)  funds under the management of the secretary-treasurer of the Anatomical Board of the State of Texas, as provided by Section 691.008, Health and Safety Code.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1991, 72nd Leg., ch. 14, Sec. 284(87), eff. Sept. 1, 1991;  Acts 1999, 76th Leg., ch. 152, Sec. 2, eff. Sept. 1, 1999.|
TX Govt Code § 404.095 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.095. Electronic Transfer of Certain Payments

Sec. 404.095.  ELECTRONIC TRANSFER OF CERTAIN PAYMENTS.  (a)  This section applies only to a state agency that during the preceding state fiscal year collected or received more than $50 million in fees, fines, penalties, taxes, charges, gifts, grants, donations, and other funds, excluding federal grants and interest and dividend income.(b)  If during the preceding state fiscal year a person paid a state agency a total of $500,000 or more in a category of payments and the agency reasonably anticipates that during the current state fiscal year the person will pay the agency $500,000 or more in a category of payments, the state agency shall require the person to transfer payment amounts due to the agency in that category, on or before the date the payment is due, by one of the means of electronic funds transfer approved by the comptroller. For the purposes of this section, each of the following is a separate category of payments to a state agency:(1)  fees;(2)  fines;(3)  civil penalties;(4)  taxes, with each type of tax specified by the comptroller being considered a separate category;  and(5)  other payments to the state agency, excluding extraordinary payments such as gifts, grants, donations, interest and dividend income, and one time surcharges.(c)  A state agency by rule may require a person other than a person subject to Subsection (b) to transfer all payment amounts due in a category of payments to the agency on or before the date the payment is due by electronic funds transfer.(d)  A person's failure to transfer payment amounts by electronic funds transfer may result in the assessment of a penalty by the state agency in an amount equal to five percent of the payment amount.(e)  The comptroller shall adopt rules specifying approved means of electronic funds transfer and specifying the types of taxes constituting separate categories.  A person's failure to comply with the rules may result in the assessment of a penalty by the state agency in an amount equal to five percent of the payment amount.(f)  To the extent of any conflict between this section and another law specifying the time or manner of making a payment to the agency, this section controls.  This section does not affect a law specifying the time for the filing of a return or other report related to the payment.(g)  A state agency may not require payment by electronic funds transfer of a protested tax payment.|Added by Acts 1989, 71st Leg., ch. 78, Sec. 7, eff. May 11, 1989.  Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 4.01, eff. Sept. 1, 1991;  Acts 1995, 74th Leg., ch. 426, Sec. 25, eff. June 9, 1995;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.70, eff. Sept. 1, 1997.|
TX Govt Code § 404.096 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.096. Rapid Deposits, Transactions, and Transfers Required

Sec. 404.096.  RAPID DEPOSITS, TRANSACTIONS, AND TRANSFERS REQUIRED.  According to a schedule established by the comptroller, the comptroller shall conduct a study of each state agency that collects or receives $50 million or more a year from all sources or processes 100,000 or more transactions a year of any kind to determine whether implementing a program for the rapid administration of deposits or transactions by the agency or for the rapid transfer of revenue or information to or from the state agency would result in a net savings of state revenue.  If the comptroller determines that the implementation of a program for the rapid administration of deposits or transactions or for the rapid transfer of revenue or information to or from the state agency would result in a net savings of state revenue, the comptroller may require the agency to implement a program for that rapid administration or transfer that meets the specifications of the comptroller.|Added by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 4.02, eff. Sept. 1, 1991.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 7.71, eff. Sept. 1, 1997.|
TX Govt Code § 404.097 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter F. State Funds Reform Act|Section 404.097. Deposit of Funds Recovered by Litigation or Settlement

Sec. 404.097.  DEPOSIT OF FUNDS RECOVERED BY LITIGATION OR SETTLEMENT.  (a)  Notwithstanding Section 404.093, this section applies by its terms to each state governmental entity.(b)  In this section, "contingent fee contract" and "state governmental entity" have the meanings assigned by Section 2254.101.(c)  All funds recovered by a state governmental entity in litigation or in settlement of a matter that could have resulted in litigation, including funds designated as damages, amounts adjudged or awarded, attorney's fees, costs, interest, settlement proceeds, or expenses, are public funds of the state or the state governmental entity and shall be deposited in the state treasury to the credit of the appropriate fund or account.(d)  Legal fees and expenses may be paid from the recovered funds under a contingent fee contract for legal services only:(1)  after the funds are deposited in accordance with this section;  and(2)  in accordance with Subchapter C, Chapter 2254, if that subchapter applies to the contract.|Added by Acts 1999, 76th Leg., ch. 1499, Sec. 3.02, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 1266, Sec. 1.14, eff. June 20, 2003.|
TX Govt Code § 404.101 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.101. Definitions

Sec. 404.101.  DEFINITIONS.  In this subchapter:(1)  "Advisory board" means the Texas treasury safekeeping trust company investment advisory board.(2)  "Participant" means the state, agencies and local political subdivisions of the state, and nonprofit corporations, foundations, and other charitable organizations created on behalf of the state or an agency or local political subdivision of the state authorized to deposit money and securities with the trust company.(3)  "The state and its agencies" includes the Employees Retirement System of Texas and the Teacher Retirement System of Texas.(4)  "Trust company" means the Texas Treasury Safekeeping Trust Company.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 2001, 77th Leg., ch. 1158, Sec. 21, eff. June 15, 2001.|
TX Govt Code § 404.102 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.102. Creation of Trust Company

Sec. 404.102.  CREATION OF TRUST COMPANY.  (a)  The comptroller may incorporate a special-purpose trust company called the Texas Treasury Safekeeping Trust Company.  The purposes of the trust company are to provide a means for the comptroller to obtain direct access to services provided by the Federal Reserve System and to enable the comptroller to manage, disburse, transfer, safekeep, and invest funds and securities more efficiently and economically by using established and reasonable financial practices, including the pooling of funds and the lending of securities to the extent practical or necessary.  The comptroller may deposit funds and securities with the trust company to achieve its purpose.(b)  The trust company is a special-purpose trust company with necessary and implied powers to accomplish its purpose and is subject to regulation only as provided by this subchapter.  The trust company may not engage in commercial banking activity.(c)  The trust company may establish government investment pools consisting of state agency funds not required to be deposited in the state treasury and local government funds that are placed into the pools for investment or reinvestment by the trust company.  A state agency or local government may place funds into the pools for investment or reinvestment as authorized by Subsection (a) or other law.  In this subsection, "local government" and "state agency" have the meanings assigned by Section 2256.002.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1989, 71st Leg., ch. 78, Sec. 8, eff. May 11, 1989;  Acts 1991, 72nd Leg., 2nd C.S., ch. 12, Sec. 1.24, eff. Jan. 1, 1992;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.72, eff. Sept. 1, 1997;  Acts 2003, 78th Leg., ch. 1310, Sec. 26, eff. June 20, 2003.|
TX Govt Code § 404.104 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.104. Duties of Comptroller

Sec. 404.104.  DUTIES OF COMPTROLLER.  (a)  The comptroller is the sole officer, director, and shareholder of the trust company.  The comptroller's office shall manage the trust company.(b)  The comptroller may enter into contracts, trust agreements, and other instruments with the trust company as provided by Section 404.103.(c)  The comptroller shall submit to the Legislative Budget Board an audited report regarding the operations of the trust company.  The trust company may contract with a certified public accountant or the state auditor to conduct an independent audit of the operations of the trust company.  This subsection does not affect the state auditor's authority to conduct an audit of the trust company in accordance with Chapter 321.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1989, 71st Leg., ch. 584, Sec. 12, eff. Sept. 1, 1989;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.74, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 1158, Sec. 23, eff. June 15, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 620 (S.B. 1138), Sec. 2, eff. June 10, 2019.|
TX Govt Code § 404.105 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.105. Capital or Reserve

Sec. 404.105.  CAPITAL OR RESERVE.  The trust company shall hold capital stock and reserve balances outside the treasury in an amount required by applicable regulatory bodies for eligibility for federal reserve services, for participation in a depository trust company, and as necessary to achieve its purposes under Section 404.103. The stock of the trust company is an authorized investment for state funds and shall be held by the comptroller, but the amount may not be more than $1 million.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1995, 74th Leg., ch. 426, Sec. 26, eff. June 9, 1995;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.75, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 1158, Sec. 24, eff. June 15, 2001.|
TX Govt Code § 404.106 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.106. Earnings; Authorized Investments

Sec. 404.106.  EARNINGS;  AUTHORIZED INVESTMENTS.  (a)  Any net earnings of the trust company attributable to capital stock or investments of capital stock shall be credited annually to the account of the treasury and shall be allocated annually to the funds held and managed by the comptroller in accordance with Section 404.071(a).(b)  Funds held by the trust company shall be invested in obligations authorized by law for the investment of funds held and managed by the comptroller.(c)  With respect to specific funds held by the trust company for a particular participant, the trust company has the same investment authority as that participant for those specific funds.(d)  The trust company may hold reserve balances or securities as required by the Federal Reserve System or as required for participation in a depository trust company.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1995, 74th Leg., ch. 426, Sec. 27, eff. June 9, 1995;  Acts 1997, 75th Leg., ch. 1423, Sec. 7.76, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 1158, Sec. 25, eff. June 15, 2001.|
TX Govt Code § 404.107 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.107. Fees

Sec. 404.107.  FEES.  (a)  Any fees or assessments imposed by state law for the incorporation, regulation, or operation of trust companies do not apply to the Texas Treasury Safekeeping Trust Company.(b)  A participant that has money or securities on deposit with the trust company shall pay the fees provided in the trust company's fee schedule developed under Section 404.103(f).  The trust company may:(1)  deduct a fee from the principal or earning of a participant on deposit with the trust company;  or(2)  require a participant to pay a fee from an amount not on deposit with the trust company.|Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 2001, 77th Leg., ch. 1158, Sec. 26, eff. June 15, 2001;  Acts 2003, 78th Leg., ch. 1310, Sec. 27, eff. June 20, 2003.|
TX Govt Code § 404.108 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.108. Trust Company Investment Advisory Board

Sec. 404.108.  TRUST COMPANY INVESTMENT ADVISORY BOARD.  (a)  The comptroller may appoint an investment advisory board to advise the comptroller with respect to managing the assets held by the trust company.  The advisory board shall provide the comptroller guidance on the investment philosophy that should be pursued in managing the assets under the trust company's control.  The advisory board serves in an advisory capacity only and is not a fiduciary with respect to the assets held by the trust company.(b)  The advisory board is composed of seven members appointed by the comptroller with the advice of the governor, lieutenant governor, and speaker of the house of representatives.(c)  The members of the advisory board must have knowledge of or experience in finance, including the management of funds or business operations.(d)  Appointments to the advisory board shall be made without regard to the race, color, disability, sex, religion, age, or national origin of appointees.(e)  Each member of the advisory board must be a resident of this state.(f)  The creation, size, composition, and duration of the advisory board is governed exclusively by this subchapter.  Chapter 2110 does not apply to the size, composition, or duration of the advisory board.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|
TX Govt Code § 404.109 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.109. Restrictions on Advisory Board Appointment, Membership, and Employment

Sec. 404.109.  RESTRICTIONS ON ADVISORY BOARD APPOINTMENT, MEMBERSHIP, AND EMPLOYMENT.  A person is not eligible for appointment to the advisory board if the person or the person's spouse:(1)  is employed by or participates in the management of a business entity or other organization receiving funds from the trust company;(2)  owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization receiving funds from the trust company;  or(3)  receives money from the business entity or other organization receiving funds from the trust company that exceeds five percent of the person's gross income for the preceding calendar year.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|
TX Govt Code § 404.110 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.110. Removal of Advisory Board Members

Sec. 404.110.  REMOVAL OF ADVISORY BOARD MEMBERS.  The comptroller may remove from the advisory board an advisory board member at will or for any of the following causes:(1)  at the time of the member's appointment, the member did not have the qualifications prescribed by Section 404.108 or was ineligible under Section 404.109;(2)  while serving on the advisory board, the member does not maintain the qualifications prescribed by Section 404.108 or becomes ineligible for appointment under Section 404.109;(3)  for a substantial portion of the member's term, the member is unable to discharge the member's duties because of illness or disability;  or(4)  without being excused by a majority vote of the advisory board, the member is absent from more than one-third of the regularly scheduled board meetings that the member is eligible to attend during a calendar year.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|
TX Govt Code § 404.111 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.111. Advisory Board Member Training

Sec. 404.111.  ADVISORY BOARD MEMBER TRAINING.  (a)  Before a member of the advisory board may assume the member's duties, the member must complete at least one course of the training program established under this section.(b)  A training program established under this section shall provide information regarding:(1)  the role and functions of the trust company;(2)  the assets managed by and programs operated by the trust company;  and(3)  the statutes applicable to the trust company, including Chapters 551, 552, and 2001.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|
TX Govt Code § 404.112 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.112. Compensation; Expenses

Sec. 404.112.  COMPENSATION;  EXPENSES.  Members of the advisory board serve without compensation but are entitled to reimbursement for actual and necessary expenses in attending meetings of the advisory board or performing other official duties authorized by the comptroller.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|
TX Govt Code § 404.113 (2021)
2021 Texas Statutes|Government Code|Title 4 - Executive Branch|Subtitle A - Executive Officers|Chapter 404 - State Treasury Operations of Comptroller|Subchapter G. Texas Treasury Safekeeping Trust Company|Section 404.113. Meetings

Sec. 404.113.  MEETINGS.  (a)  The advisory board may meet as often as necessary, but shall meet at least twice each year.(b)  Advisory board meetings are subject to Chapter 551.|Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.|