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Texas Government Code - GOV'T § 404.097. Deposit of Funds Recovered by Litigation or Settlement

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Notwithstanding Section 404.093, this section applies by its terms to each state governmental entity.

(b) In this section, “contingent fee contract” and “state governmental entity” have the meanings assigned by Section 2254.101.

(c) All funds recovered by a state governmental entity in litigation or in settlement of a matter that could have resulted in litigation, including funds designated as damages, amounts adjudged or awarded, attorney's fees, costs, interest, settlement proceeds, or expenses, are public funds of the state or the state governmental entity and shall be deposited in the state treasury to the credit of the appropriate fund or account.

(d) Legal fees and expenses may be paid from the recovered funds under a contingent fee contract for legal services only:

(1) after the funds are deposited in accordance with this section;  and

(2) in accordance with Subchapter C, Chapter 2254,  1 if that subchapter applies to the contract.

1  V.T.C.A., Government Code § 2254.101 et seq.
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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 404.097. Deposit of Funds Recovered by Litigation or Settlement - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-404-097/

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