(a) All money and other financial assets collected or received by the department shall be deposited:
(1) in the general revenue fund of the state treasury;
(2) in trust with the comptroller; or
(3) in a local bank account on approval by the comptroller.
(b) For purposes of this section, a financial asset collected or received by the department includes:
(1) an asset held outside the state treasury; or
(2) an asset held in trust by the department, such as money held in an inmate or employee trust account or in an education and recreation account.