Sec. 815.302. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial banks, depository trust companies, or other entities to serve as custodian or custodians of the system's cash or securities pending completion of an investment transaction and may authorize such custodian to invest the cash so held in such short-term securities as the board of trustees determines, subject only to the provisions of Section 815.301.
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 77, Sec. 3, eff. Oct. 20, 1987. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.3011 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., ch. 251, Sec. 2, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle B - Employees Retirement System of Texas
Subchapter D. Management of Assets
Section 815.301. Investment of Assets
Section 815.3015. Tracking and Reporting of Profit Share
Section 815.3016. Approval of Certain Alternative Investments
Section 815.302. Custody and Investment of Assets Pending Transactions
Section 815.303. Securities Lending
Section 815.304. Nominee to Hold Securities
Section 815.309. Crediting System Assets
Section 815.311. Employees Saving Account
Section 815.312. State Accumulation Account
Section 815.313. Retirement Annuity Reserve Account
Section 815.314. Interest Account
Section 815.315. Expense Account
Section 815.317. Law Enforcement and Custodial Officer Supplemental Retirement Fund
Section 815.318. Transfer of Assets From Interest Account
Section 815.319. Transfer of Assets on Retirement and Restoration to Active Service
Section 815.321. Transfer of Assets for Death Benefit Annuities
Section 815.322. Transfer of Assets to Adjust Amount in Retirement Annuity Reserve Account