Tex. Hum. Res. Code § 161.303 · Subchapter H. CERTAIN INITIATIVES RELATING TO AGING
ESTABLISHMENT AND ADMINISTRATION OF FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Chris Kyker Endowment for Seniors Fund is a special fund outside the state treasury held by the comptroller.
(b) The comptroller shall deposit in the fund:
(1) money appropriated to the fund;
(2) grants, gifts, and donations from any other public or private source; and
(3) income and interest, including depository interest, as provided by Subsection (f).
(c) The comptroller shall administer and manage the assets of the fund in accordance with this section and the rules adopted by the executive commissioner under Section 161.304(c). In managing the assets of the fund, the comptroller may acquire, exchange, sell, supervise, manage, or retain, through procedures and subject to restrictions the comptroller considers appropriate, any kind of investment that a prudent investor, exercising reasonable care, skill, and caution, would acquire or retain in light of the purposes, terms, distribution requirements, and other circumstances of the fund then prevailing, taking into consideration the investment of all the assets of the fund rather than a single investment.
(d) The expenses of managing fund investments shall be paid from the fund.
(e) On request, the comptroller shall fully disclose all details concerning the investments of the fund.
(f) Interest earned on the fund shall be credited to the fund.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 318 (H.B. 610), 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/HR/htm/HR.161.htm
- Text hash
- sha256 c2bc78a8971b18be5fa853c8881f86437550e9ee729dcc03d99f9e90a665981b
- 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
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Human Resources Code
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