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Texas Stat.
2021 Texas Statutes
Occupations Code
Title 11 - Regulation of Sales and Solicitation
Chapter 1802 - Auctioneers
Subchapter D. Auctioneer Education and Recovery Fund
Section 1802.154. Investment of Fund
Universal Citation:
TX Occ Code § 1802.154 (2021)
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Sec. 1802.154. INVESTMENT OF FUND. (a) Amounts deposited in the fund may be invested and reinvested in the same manner as funds of the Employees Retirement System of Texas, and income from the investments shall be deposited to the credit of the fund.
(b) The department may not make an investment that would impair the liquidity required to satisfy payments made from the fund.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
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