Tex. Gov't Code § 2257.023

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

Section 2257.023 - Collateral Policy

(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.

(b) The written policy may include:

(1) the security of the institution that obtains or holds an investment security;

(2) the substitution or release of an investment security; and

(3) the method by which an investment security used to secure a deposit of public funds is valued.

Tex. Gov't. Code § 2257.023

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.