Tex. Gov't Code § 2257.103

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

Section 2257.103 - Participation in Pooled Collateral Program

A financial institution may participate in the pooled collateral program only if:

(1) the institution has entered into a binding collateral security agreement with a public agency for a deposit of public funds and the agreement permits the institution's participation in the program;

(2) the comptroller has approved the institution's participation in the program; and

(3) the comptroller has approved or provided the collateral security agreement form used.

Tex. Gov't. Code § 2257.103

Added by Acts 2009, 81st Leg., R.S., Ch. 486, Sec. 1, eff. 9/1/2009.