Tex. Gov't Code § 404.104 · Subchapter G. TEXAS TREASURY SAFEKEEPING TRUST COMPANY
DUTIES OF COMPTROLLER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller is the sole officer, director, and shareholder of the trust company. The comptroller's office shall manage the trust company.
(b) The comptroller may enter into contracts, trust agreements, and other instruments with the trust company as provided by Section 404.103.
(c) The comptroller shall submit to the Legislative Budget Board an audited report regarding the operations of the trust company. The trust company may contract with a certified public accountant or the state auditor to conduct an independent audit of the operations of the trust company. This subsection does not affect the state auditor's authority to conduct an audit of the trust company in accordance with Chapter 321.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 584, Sec. 12, eff. Sept. 1, 1989; Acts 1997, 75th Leg., ch. 1423, Sec. 7.74, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 1158, Sec. 23, eff. June 15, 2001.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 620 (S.B. 1138), Sec. 2, eff. June 10, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.404.htm
- Text hash
- sha256 5b485cdbe8803a517c08aca5706ed42517f7753f666e8ac674b0a1528d347207
- 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
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Government Code
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