{"data":{"id":"us-tx/tex.-local-government-code-104.004","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 104.004","heading":"INTEREST.","body":"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.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE A. MUNICIPAL FINANCES","CHAPTER 104. MUNICIPAL INVESTMENT OF TRUST FUNDS AND SPECIAL DEPOSITS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.104.htm#104.004","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"8c4c6dba608c4d9a35e76417f28f74277c677968f6315ef6621b5529c31d99b9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-104.003","next":"us-tx/tex.-local-government-code-104.005"},"notice":"GroundRules: Original legal text. Not legal advice."}