Sec. 840.3011. 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 840.301 of this subtitle.
Added by Acts 1989, 71st Leg., ch. 251, Sec. 11, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle E - Judicial Retirement System of Texas Plan Two
Subchapter D. Management of Assets
Section 840.301. Investment of Assets
Section 840.3011. Custody and Investment of Assets Pending Transactions
Section 840.3012. Securities Lending
Section 840.3013. Nominee to Hold Securities