Tex. Educ. Code § 54.635

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 54.635 - Comptroller
(a) Except as provided by Subsection (d), the comptroller is the custodian of the assets of the fund.
(b) The comptroller shall pay money from the fund on a warrant drawn by the comptroller supported only on a voucher signed by the comptroller or the comptroller's authorized representative.
(c) The comptroller annually shall furnish to the board a sworn statement of the amount of the fund's assets in the comptroller's custody.
(d) The board may select one or more commercial banks, depository trust companies, or other entities to serve as custodian of all or part of the fund's assets.

Tex. Educ. Code § 54.635

Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 5.13, eff. 9/1/1997.
Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff. 9/1/1995.