Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1601.253 - Investment of Money in Fund(a) The governing board of a system may invest the money in the system's cafeteria plan fund.(b) The earnings, including interest, and the proceeds from the sale of the investments become a part of the fund.
Tex. Ins. Code § 1601.253
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.