1. (a) The comptroller may be the trustee of funds or property outside the treasury.
2. (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.

3. (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. (1) Section 205.02, Alcoholic Beverage Code;
   2. (2) Section 403.105(d) of this code;
   3. (3) Sections 321.501 and 321.504, Tax Code;
   4. (4) Sections 322.301 and 322.304, Tax Code; and
   5. (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.

Acts 2019, 86th Leg., R.S., Ch. 1051 (H.B. 914), Sec. 9, eff. January 1, 2020.