Sec. 404.114. INVESTMENT MANAGEMENT. (a) The comptroller may delegate investment authority and may contract with private professional investment managers to manage or assist in managing assets held by the trust company.
(b) The comptroller may delegate a power or duty relating to the investment of assets held by the trust company to an employee or agent of the comptroller, including professional investment managers.
Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.
Structure Texas Statutes
Subtitle A - Executive Officers
Chapter 404 - State Treasury Operations of Comptroller
Subchapter G. Texas Treasury Safekeeping Trust Company
Section 404.102. Creation of Trust Company
Section 404.104. Duties of Comptroller
Section 404.105. Capital or Reserve
Section 404.106. Earnings; Authorized Investments
Section 404.108. Trust Company Investment Advisory Board
Section 404.109. Restrictions on Advisory Board Appointment, Membership, and Employment
Section 404.110. Removal of Advisory Board Members
Section 404.111. Advisory Board Member Training
Section 404.112. Compensation; Expenses
Section 404.114. Investment Management
Section 404.116. Liability Insurance for Certain Board Members, Officials, and Staff