Sec. 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1551 - Texas Employees Group Benefits Act
Section 1551.401. Employees Life, Accident, and Health Insurance and Benefits Fund
Section 1551.402. State Employees Cafeteria Plan Trust Fund
Section 1551.403. Fees for State Employees Cafeteria Plan Trust Fund
Section 1551.404. Insufficient Earnings for Employee to Participate in Cafeteria Fund
Section 1551.405. Employees' Health Care Stabilization Trust Fund