TRANSFER OF MONEY.
Tex. LOC. GOV'T Code § 117.125.
in effect(a) In the absence of a contrary order from a court having jurisdiction over the registry fund, a clerk may transfer money deposited in the fund into a separate account.
(b) A clerk shall transfer all money deposited in a registry fund under Chapter 1355 , Estates Code, into a separate account.
(c) Money transferred into a separate account under this section must be:
(1) transferred into an account authorized for investment under Chapter 2256 , Government Code, by a local government or investment pool; and
(2) invested according to the investment officer designated under Section 2256.005 , Government Code, by the investing entity of which the county is a member.
(d) A transfer of money into a separate account under this section is exempt from the requirements prescribed by Section 117.121 for disbursements from registry funds.
(e) An investment of money transferred from a registry fund under this section is subject to the limitations, policies, and standards of care provided by Chapter 2256 , Government Code.
Added by Acts 1999, 76th Leg., ch. 196, Sec. 8, eff. Aug. 30, 1999.