{"data":{"id":"us-tx/tex.-government-code-2257.023","jurisdiction":"us-tx","citation":"Tex. Government Code § 2257.023","heading":"COLLATERAL POLICY.","body":"(a) In accordance with a written policy approved by the governing body of the public entity, a public entity shall determine if an investment security is eligible to secure deposits of public funds.\n(b) The written policy may include:\n(1) the security of the institution that obtains or holds an investment security;\n(2) the substitution or release of an investment security; and\n(3) the method by which an investment security used to secure a deposit of public funds is valued.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT","CHAPTER 2257. COLLATERAL FOR PUBLIC FUNDS","SUBCHAPTER B. DEPOSITORY; SECURITY FOR DEPOSIT OF PUBLIC FUNDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2257.htm#2257.023","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"90e5c20d0da443d4120b0ecf301c893bcdf76b1ee852c3de9622aefedbf64280","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2257.022","next":"us-tx/tex.-government-code-2257.024"},"notice":"GroundRules: Original legal text. Not legal advice."}