Tex. Occ. Code § 1101.604 · Subchapter M. REAL ESTATE RECOVERY TRUST ACCOUNT
MANAGEMENT OF TRUST ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commission shall hold money credited to the trust account in trust to carry out the purpose of the trust account.
(b) Money credited to the trust account may be invested in the same manner as money of the Employees Retirement System of Texas, except that an investment may not be made that would impair the liquidity necessary to make payments from the trust account as required by this subchapter.
(c) Interest from the investments shall be deposited to the credit of the trust account.
(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(6), eff. January 1, 2024.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(6), eff. January 1, 2024.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm
- Text hash
- sha256 3c22b7ec87b5c64112c83eb6fcf949ba55e5884f4c2e787c909a812dbb8881e2
- 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.