Sec. 404.067. SAFEKEEPING; INVESTMENT AGENCIES. (a) The comptroller shall keep custodial records that shall reflect all deposits and releases of securities held by the comptroller and belonging to a state investment agency.
(b) The comptroller shall keep appropriate ledger accounts that include a short description of each security held in safekeeping for certain investment agencies of the state.
(c) The comptroller shall keep controlling or total accounts of securities in the general ledger. Those accounts shall be kept with respect to the total amount of bonds or other securities belonging to each separate fund.
(d) Those controlling accounts shall be balanced monthly with the sum of the individual accounts for securities, which also shall be balanced monthly, and shall correspond to similar accounts kept by the comptroller.
Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1995, 74th Leg., ch. 426, Sec. 21, eff. June 9, 1995; Acts 1997, 75th Leg., ch. 1423, Sec. 7.62, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle A - Executive Officers
Chapter 404 - State Treasury Operations of Comptroller
Section 404.043. Security Officers
Section 404.045. Receipt of Money
Section 404.046. Payment From Treasury
Section 404.049. Money in Treasury
Section 404.050. Delivery to Successor
Section 404.051. Money Returned to County or Municipality
Section 404.052. Obligations of Municipalities, Districts, and Political Subdivisions
Section 404.055. Time and Demand Deposits
Section 404.056. Information Concerning Warrants
Section 404.057. Warrants Payable Accounts
Section 404.058. Outstanding Warrants
Section 404.059. General Ledger Accounts
Section 404.060. Priority of Warrants
Section 404.062. Undetermined Remittances
Section 404.065. Cash Balancing
Section 404.067. Safekeeping; Investment Agencies
Section 404.068. State Regulatory Agencies Safekeeping and Pledged Collateral
Section 404.070. Validity of Voided Warrants
Section 404.071. Disposition of Interest on Investments