Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 2256.055: DEPOSIT OF SECURITIES PURCHASED BY STATE.

Where this section sits in the code

GOVERNMENT CODE
TITLE 10. GENERAL GOVERNMENT
SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT
CHAPTER 2256. PUBLIC FUNDS INVESTMENT
SUBCHAPTER B. MISCELLANEOUS PROVISIONS

At the direction of the comptroller or the agency, a security purchased under this chapter may be deposited in trust with a bank or federal reserve bank or branch designated by the comptroller, whether in or outside the state. The deposit shall be held in the entity's name as evidenced by a trust receipt of the bank with which the securities are deposited.

Added by Acts 1993, 73rd Leg., R.S., Ch. 268 (S.B. 248), Sec. 1, eff. September 1, 1993.

Amended by:

Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.

Acts 1997, 75th Leg., ch. 1423, Sec. 8.69, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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