{"data":{"id":"us-tx/tex.-government-code-2257.102","jurisdiction":"us-tx","citation":"Tex. Government Code § 2257.102","heading":"POOLED COLLATERAL PROGRAM.","body":"(a) As an alternative to collateralization under Subchapter B, the comptroller by rule shall establish a program for centralized pooled collateralization of deposits of public funds and for monitoring collateral maintained by participating institutions. The rules must provide that deposits of public funds of a county are not eligible for collateralization under the program. The comptroller shall provide for a separate collateral pool for any single participating institution's deposits of public funds.\n(b) Under the pooled collateral program, the collateral of a participating institution pledged for a public deposit may not be combined with, cross-collateralized with, aggregated with, or pledged to another participating institution's collateral pools for pledging purposes.\n(c) A participating institution may pledge its pooled securities to more than one participating depositor under contract with that participating institution.\n(d) The pooled collateral program must provide for:\n(1) participation in the program by a participating institution and each affected public entity to be voluntary;\n(2) uniform procedures for processing all collateral transactions that are subject to an approved security agreement described by Section 2257.103; and\n(3) the pledging of a participating institution's collateral securities using a single custodial account instead of an account for each depositor of public funds.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638), Sec. 1, eff. September 1, 2009.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT","CHAPTER 2257. COLLATERAL FOR PUBLIC FUNDS","SUBCHAPTER F. POOLED COLLATERAL TO SECURE DEPOSITS OF CERTAIN PUBLIC FUNDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2257.htm#2257.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"9e814767377b6c5fecb7dace95bd77b14a6e8f9aca9628dd7375ab9309d30079","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2257.101","next":"us-tx/tex.-government-code-2257.103"},"notice":"GroundRules: Original legal text. Not legal advice."}