1. (a) A municipality may establish and operate an electronic funds transfer system to transfer the following items directly into officers' and employees' accounts in financial institutions only:

   1. (1) the net pay of the officers and employees;
   2. (2) payments for the travel and subsistence of the officers and employees; and
   3. (3) all other forms of compensation, payment, or reimbursement paid to the officers and employees.
2. (b) The authority granted by this chapter may not be restricted by a municipal charter.

Added by Acts 1989, 71st Leg., ch. 1047, Sec. 1, eff. Aug. 28, 1989.