Tex. Ins. Code § 1551.406

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

Section 1551.406 - Investment of Funds

(a) Under the standard of care provided by Section 815.307, Government Code, the board of trustees may manage and has full power to invest and reinvest the money in:

(1) the employees life, accident, and health insurance and benefits fund;

(2) the state employees cafeteria plan trust fund; and

(3) the employees' health care stabilization trust fund.

(b) The earnings, including interest on money in the fund and proceeds from the sale of any investments, become a part of the fund.

Tex. Ins. Code § 1551.406

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.