{"data":{"id":"us-tx/tex.-natural-resources-code-161.1731","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 161.1731","heading":"CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.","body":"With the approval of the comptroller, the board, in managing the assets of the fund, pending the completion of an investment transaction, may:\n(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\n(2) authorize the custodian to invest cash held under Subdivision (1) in the investments determined by the board.\nAdded by Acts 1997, 75th Leg., ch. 71, Sec. 2, eff. May 9, 1997.","path":["NATURAL RESOURCES CODE","TITLE 7. RESOURCES PROGRAMS","CHAPTER 161. VETERANS LAND BOARD","SUBCHAPTER E. VETERANS' LAND FUND"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm#161.1731","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"95495587de464d6042cca3292660d30da42aade6f346d43f001b95879ae9d411","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-161.173","next":"us-tx/tex.-natural-resources-code-161.1732"},"notice":"GroundRules: Original legal text. Not legal advice."}