Tex. Gov't Code Section 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 (Investment of Assets) of this subtitle.

Added by Acts 1989, 71st Leg., ch. 251, Sec. 11, eff. Aug. 28, 1989.

Source: Section 840.3011 — Custody and Investment of Assets Pending Transactions, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840.htm#840.3011 (accessed May 4, 2024).

840.001
General Administration 840.002
Rulemaking 840.003
Administering System Assets 840.004
Designation of Authority to Sign Vouchers 840.005
Adopting Tables and Rates 840.006
Records of Board of Trustees 840.007
Report 840.008
Correction of Errors 840.009
Provisions Inapplicable to Cash Balance Group Members 840.102
Collection of Certain Member Contributions 840.103
Collection of State Contributions 840.105
Employer Pickup of Member Contributions 840.106
Action Increasing Amortization Period 840.201
Legal Adviser 840.202
Medical Board 840.203
Other Physicians 840.204
Actuary 840.205
Financial and Investment Services 840.206
Comptroller 840.207
Compensation of Employees 840.209
Interest in Investment Profits Prohibited 840.301
Investment of Assets 840.303
Duty of Care 840.304
Cash on Hand 840.305
Establishment of Fund and Accounts 840.306
Interest Rate 840.402
Retirement System Records 840.403
Reproduction and Preservation of Records 840.404
Budget and Actuarial Information 840.405
Trustee-to-trustee Transfer 840.406
Plan Qualification 840.407
Excess Benefit Arrangement 840.3011
Custody and Investment of Assets Pending Transactions 840.3012
Securities Lending 840.3013
Nominee to Hold Securities

Accessed:
May 4, 2024

§ 840.3011’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_840.3011

Original Source: Section 840.3011 — Custody and Investment of Assets Pending Transactions, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840.htm#840.3011 (last accessed May 4, 2024).