Sec. 845.302. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. The board of trustees, in the exercise of its discretion to manage the assets of the retirement system, may 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 the custodian to invest the cash so held in such short-term securities as the board of trustees determines.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.302 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1995, 74th Leg., ch. 245, Sec. 34, eff. May 27, 1995.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter D. Management of Assets
Section 845.301. Investment of Assets
Section 845.302. Custody and Investment of Assets Pending Transactions
Section 845.303. Securities Lending
Section 845.305. Crediting System Assets
Section 845.306. Employees Saving Fund
Section 845.307. Subdivision Accumulation Fund
Section 845.308. Closed Subdivision Annuity Reserve Fund
Section 845.310. Endowment Fund
Section 845.312. Optional Group Term Life Fund
Section 845.313. Disbursements
Section 845.314. Interest Rates
Section 845.315. Annual Allocation of Net Investment Income or Loss
Section 845.316. Transfer of Assets on Retirement
Section 845.317. Payment to Formerly Participating Subdivision