Tex. Gov't Code Section 2257.023
Collateral Policy

(a)

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.

(b)

The written policy may include:

(1)

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

(2)

the substitution or release of an investment security; and

(3)

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 Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 2257.023’s source at texas​.gov