Tex. Loc. Gov't Code § 104.004
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The municipal official responsible for managing and conducting the fiscal affairs shall receive the interest earned on the investments and shall place the interest in the municipal general fund as compensation to the municipality for holding and handling the trust funds and special deposits for the benefit of the persons ultimately entitled to receive the funds and deposits.
Tex. Loc. Gov't. Code § 104.004