All funds received by a district, other educational district, participating charter school, or regional education service center under this subchapter are held in trust for the benefit of the employees on whose behalf the district, school, or service center received the funds.
Tex. Educ. Code § 22.104
FUNDS HELD IN TRUST
Added by Acts 2005, 79th Leg., Ch. 899 (S.B. 1863), Sec. 18.02, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.