Tex. Gov't Code § 1505.072

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1505.072 - Disposition of Certain Surplus Money

The governing body of the municipality may provide for the disposition of surplus money in the operation and maintenance account or a depreciation account by having the money:

(1) transferred to the bond and interest redemption fund;

(2) invested; or

(3) otherwise disposed of.

Tex. Gov't. Code § 1505.072

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.