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Tex. Transp. Code § 222.076

SEPARATE SUBACCOUNTS

Added by Acts 1997, 75th Leg., ch. 1171, Sec. 1.21, eff

(a) The bank shall consist of at least two separate subaccounts, a highway subaccount and a transit subaccount.

(b) In addition to the subaccounts under Subsection (a), the commission may create one or more subaccounts that are capitalized with state funds only. Subaccounts capitalized with state funds only are not subject to the federal act.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.