Tex. Gov't Code Section 2257.023
Collateral Policy


In accordance with a written policy approved by the governing body of the public entity, a public entity shall determine if an investment security is eligible to secure deposits of public funds.


The written policy may include:


the security of the institution that obtains or holds an investment security;


the substitution or release of an investment security; and


the method by which an investment security used to secure a deposit of public funds is valued.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

Source: Section 2257.023 — Collateral Policy, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2257.­htm#2257.­023 (accessed Nov. 25, 2023).

Nov. 25, 2023

§ 2257.023’s source at texas​.gov