Tex. Gov't Code § 2257.103 · Subchapter F. POOLED COLLATERAL TO SECURE DEPOSITS OF CERTAIN PUBLIC FUNDS
PARTICIPATION IN POOLED COLLATERAL PROGRAM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A financial institution may participate in the pooled collateral program only if:
(1) the institution has entered into a binding collateral security agreement with a public agency for a deposit of public funds and the agreement permits the institution's participation in the program;
(2) the comptroller has approved the institution's participation in the program; and
(3) the comptroller has approved or provided the collateral security agreement form used.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638), Sec. 1, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2257.htm
- Text hash
- sha256 c1ae647b4dc30edb5e3574fd8d7a36984ec5c516dcff56cec5a4947779e2cd5d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 2257.103. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.