Tex. Gov't Code § 404.106 · Subchapter G. TEXAS TREASURY SAFEKEEPING TRUST COMPANY
EARNINGS; AUTHORIZED INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Any net earnings of the trust company attributable to capital stock or investments of capital stock shall be credited annually to the account of the treasury and shall be allocated annually to the funds held and managed by the comptroller in accordance with Section 404.071(a).
(b) Funds held by the trust company shall be invested in obligations authorized by law for the investment of funds held and managed by the comptroller.
(c) With respect to specific funds held by the trust company for a particular participant, the trust company has the same investment authority as that participant for those specific funds.
(d) The trust company may hold reserve balances or securities as required by the Federal Reserve System or as required for participation in a depository trust company.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1995, 74th Leg., ch. 426, Sec. 27, eff. June 9, 1995; Acts 1997, 75th Leg., ch. 1423, Sec. 7.76, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 1158, Sec. 25, eff. June 15, 2001.
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 a9f988559fa3902e19055de0122a583081fc2170ce9d9e7600dd4c372597c9c9
- 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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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.