Sec. 2116.024. OFFICIAL EXCHANGE RATES. The comptroller shall establish the references by which the official exchange rate for pricing precious metals transactions in terms of United States dollars or other currency must be established at the time of a depository transaction. The comptroller shall establish procedures and facilities through which the rates are made discoverable at all reasonable times by system participants, both on a real-time basis and retrospectively.
Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 1, eff. June 19, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 198 (H.B. 2458), Sec. 19, eff. May 24, 2019.
Structure Texas Statutes
Subtitle C - State Accounting, Fiscal Management, and Productivity
Chapter 2116 - Texas Bullion Depository
Subchapter A. Establishment and Administration of Texas
Section 2116.002. Texas Bullion Depository
Section 2116.003. Depository Administration; Administrator
Section 2116.005. Deposits and Depository Accounts; Standards
Section 2116.006. Demand, Presentment, Withdrawal, Delivery, and Settlement
Section 2116.007. Transfer of Depository Account Balance
Section 2116.008. Depository Account Contracts
Section 2116.009. Cause of Action for Denial of Deposit Liability
Section 2116.010. Fees; Service Charges; Penalties
Section 2116.011. Depository Account Ownership by Owner of Record
Section 2116.012. Transfer of Depository Account
Section 2116.013. Depository Accounts Not Interest-Bearing
Section 2116.014. Lien on Depository Account
Section 2116.015. Depository Account as Legal Investment
Section 2116.016. Applicability of Estates Code
Section 2116.017. Pledge of Jointly Held Depository Account
Section 2116.018. Depository Account Held by Fiduciary
Section 2116.019. Depository Account Held in Trust; Undisclosed Trust Instrument
Section 2116.020. Power of Attorney; Revocation on Death or Incompetency
Section 2116.021. Transactions and Relationships; Marketing and Publicity
Section 2116.022. Certain Actions Prohibited
Section 2116.023. Confiscations, Requisitions, Seizures, and Other Actions Void
Section 2116.024. Official Exchange Rates
Section 2116.025. Facilitation of Accounting and Reporting of Taxable Gains
Section 2116.026. Annual Report
Section 2116.027. Confidentiality of Records; Other Records Exempt From Disclosure