Sec. 264.0111. MONEY EARNED BY CHILD. (a) A child for whom the department has been appointed managing conservator and who has been placed by the department in a residential child-care facility as defined by Chapter 42 , Human Resources Code, is entitled to keep any money earned by the child during the time of the child's placement. (b) The child may deposit the money earned by the child in a bank or savings account subject to the sole management and control of the child as provided by Section 34.305 , Finance Code. The child is the sole and absolute owner of the deposit account. (c) If a child earns money as described by this section and is returned to the child's parent or guardian, the child's parent or guardian may not interfere with the child's authority to control, transfer, draft on, or make a withdrawal from the account. (d) In this section, a reference to money earned by a child includes any interest that accrues on the money. (e) The executive commissioner may adopt rules to implement this section.
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