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2025 Texas Statutes
Natural Resources Code
Title 7 - Resources Programs
Chapter 161 - Veterans Land Board
Subchapter E. Veterans' Land Fund
Section 161.1731. Custody and Investment of Assets Pending Transactions
Universal Citation:
TX Nat Res Code § 161.1731 (2025)
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Sec. 161.1731. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. With the approval of the comptroller, the board, in managing the assets of the fund, pending the completion of an investment transaction, may:
(1) select one or more commercial banks, depository trust companies, or other entities to serve as a custodian of the cash or securities of the fund; and
(2) authorize the custodian to invest cash held under Subdivision (1) in the investments determined by the board.
Added by Acts 1997, 75th Leg., ch. 71, Sec. 2, eff. May 9, 1997.
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