Tex. Nat. Res. Code § 162.0041

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 162.0041 - Custody and Investment of Assets Pending Transactions

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.

Tex. Nat. Res. Code § 162.0041

Added by Acts 1997, 75th Leg., ch. 71, Sec. 4, eff. 5/9/1997.