Tex. Gov't Code § 2257.108 · Subchapter F. POOLED COLLATERAL TO SECURE DEPOSITS OF CERTAIN PUBLIC FUNDS
NOTICE OF COLLATERAL VIOLATION; ADMINISTRATIVE PENALTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller may issue a notice to a participating institution that the institution appears to be in violation of collateral requirements under Section 2257.104 and rules of the comptroller.
(b) The comptroller may impose an administrative penalty against a participating institution that does not maintain collateral in an amount and in the manner required by Section 2257.104 and rules of the comptroller if the participating institution has not remedied the violation before the third business day after the date a notice is issued under Subsection (a).
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 ec3c091b3396b6ad10a6efa885ea4a102ac8b52e52cedabb517312bc05c4b6a8
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Gov't Code § 2257.108. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 2257.111PENALTY PROCEEDING CONTESTED CASE.Printed as Section 2257.107, 2257.108, or 2257.109
- Tex. Gov't Code § 2257.112SUIT TO COLLECT PENALTY.Printed as Section 2257.107, 2257.108, or 2257.109
- Tex. Gov't Code § 2257.113ENFORCEMENT STAYED PENDING REVIEW.Printed as Section 2257.107, 2257.108, or 2257.109
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