Sec. 162.0041. 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. 4, eff. May 9, 1997.
Structure Texas Statutes
Chapter 162 - Veterans' Housing Assistance Program
Subchapter A. General Provisions
Section 162.002. Money and Interests Included in the Veterans' Housing Assistance Fund
Section 162.003. Administration
Section 162.004. Investments of Certain Money in the Veterans' Housing Assistance Fund
Section 162.0041. Custody and Investment of Assets Pending Transactions
Section 162.0042. Lending Securities