Tex. Ins. Code § 228.151 · Subchapter D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES
REQUIRED SCHEDULE OF INVESTMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before the third anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 30 percent of the company's certified capital, subject to Section 228.153(b).
(b) Before the fifth anniversary of a certified capital company's allocation date, the company must make qualified investments in an amount cumulatively equal to at least 50 percent of the company's certified capital, subject to Sections 228.152(b) and 228.153(b).
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 076db57e18b6ae10db74ae1723f10cdf423803ab582f251eb13077efbf94a6ec
- 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 6 provisions
Provisions in this library whose text cites Tex. Ins. Code § 228.151. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 228.105CONTINUATION OF CERTIFICATION.Printed as Section 228.151
- Tex. Ins. Code § 228.106REPORTS TO COMPTROLLER; AUDITED FINANCIAL STATEMENT.Printed as Section 228.151
- Tex. Ins. Code § 228.152INVESTMENT IN EARLY STAGE BUSINESS REQUIRED.Printed as Section 228.151(b)
- Tex. Ins. Code § 228.153INVESTMENT IN STRATEGIC INVESTMENT BUSINESS REQUIRED.Printed as Sections 228.151(a)
- Tex. Ins. Code § 228.302DECERTIFICATION OF CERTIFIED CAPITAL COMPANY.Printed as Section 228.105, 228.106, 228.107, 228.151, 228.152, 228.153, 228.154, 228.155, 228.156, 228.202, or 228.204
- Tex. Ins. Code § 228.351RECAPTURE AND FORFEITURE OF PREMIUM TAX CREDIT FOLLOWING DECERTIFICATION.Printed as Section 228.151 | Section 228.151(a)
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.