Section 41.060 - Depository Bank; Expenditure of Funds(a) The secretary-treasurer shall deposit all money received by the board under this chapter, including assessments, donations from persons, and grants from governmental agencies, in a bank selected by the board.(b) Money received by the board may be expended for any purpose under this chapter.(c) Funds assessed and collected under this chapter may not be expended for use directly or indirectly to promote or oppose the election of any candidate for public office or to influence legislation.Tex. Agric. Code § 41.060
Acts 1981, 67th Leg., p. 1088, ch. 388, Sec. 1, eff. 9/1/1981.