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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The produce recovery fund is a special trust fund with the comptroller administered by the department, without appropriation, for the payment of claims against license holders, retailers, and persons required to be licensed under Chapter 101.
(b) Fees collected under Section 101.008 or 103.011 and 50 percent of the fines collected under Section 101.020 or 103.013 shall be deposited in the fund.
(c) The clerk of the county court or county court-at-law and the custodian of the county treasury funds shall keep separate records of all fines collected under Section 101.020 or 103.013. On the first day of each January, April, July, and October, the custodian of the funds in the county treasury shall remit 50 percent of the fines collected under those sections to the comptroller of public accounts and the comptroller shall deposit that amount in the fund.
(d) No more than 10 percent of the fund may be expended during any one year for administration of the claims process.
(e) Interest or other income from investment of the fund shall be deposited to the credit of the fund.
Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 103.002. Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-103-002/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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