Tex. Gov't Code § 466.403

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 466.403 - Payment of Prize in Installments

If the director determines that prize money is to be paid in installments, the comptroller shall invest funds from the state lottery account as necessary to ensure the payment of the installments. The investments may be in securities, annuities, or other instruments as determined by the comptroller.

Tex. Gov't. Code § 466.403

Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.21, eff. 9/1/1997.
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), eff. 8/30/1993.