Sec. 825.302. 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.
Added by Acts 1981, 67th Leg., 1st C.S., p. 205, ch. 18, Sec. 31, eff. Nov. 10, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.3011 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., ch. 251, Sec. 6, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter D. Management of Assets
Section 825.301. Investment of Assets
Section 825.3011. Certain Consultations Concerning Investments
Section 825.3012. Investment in Certain Hedge Funds Limited
Section 825.302. Custody and Investment of Assets Pending Transactions
Section 825.3021. Appraisal and Sale of Real Property
Section 825.303. Securities Custody and Securities Lending
Section 825.304. Nominee to Hold Securities
Section 825.305. Available Cash
Section 825.306. Crediting System Assets
Section 825.307. Member Savings Account
Section 825.308. State Contribution Account
Section 825.309. Retired Reserve Account
Section 825.311. Interest Account
Section 825.312. Expense Account
Section 825.3121. Deferred Retirement Option Account
Section 825.313. Transfers From Interest Account