Tex. Nat. Res. Code § 162.0041 · Subchapter A. GENERAL PROVISIONS
CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
With the approval of the comptroller, the board, in managing the assets of the fund, pending the completion of an investment transaction, may:
(1) select one or more commercial banks, depository trust companies, or other entities to serve as a custodian of the cash or securities of the fund; and
(2) authorize the custodian to invest cash held under Subdivision (1) in the investments determined by the board.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 71, Sec. 4, eff. May 9, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.162.htm
- Text hash
- sha256 a7d0a21c8a4465781ddd75a53d7e68ce1ea2f0ccbab8cf8e7026239b944fde37
- 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
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.