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Collecting taxes, investing state funds, estimating revenue, and overseeing payments by the state for goods and services are the duties of the comptroller of public accounts.
What is investing state funds?
Under section 25.14 of the statutes, the State established the State Investment Fund (SIF), a collection of the cash holdings of various state and municipal governmental entities. It includes cash balances from retirement trust funds that are awaiting longer-term investments. It serves as the State's cash management fund.
What is comptroller of public accounts?
A job in the executive branch established by the Texas Constitution is the Comptroller of Public Accounts of Texas. The comptroller is a position that is chosen by the general public every four years, and his main duties include collecting all state taxes and determining how much money the Texas Legislature can spend each biennium.
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