Tex. Nat. Resources Code Section 162.0041
Custody and Investment of Assets Pending Transactions

With the approval of the comptroller, the board, in managing the assets of the fund, pending the completion of an investment transaction, may:

(1)

select one or more commercial banks, depository trust companies, or other entities to serve as a custodian of the cash or securities of the fund; and

(2)

authorize the custodian to invest cash held under Subdivision (1) in the investments determined by the board.

Added by Acts 1997, 75th Leg., ch. 71, Sec. 4, eff. May 9, 1997.

Source: Section 162.0041 — Custody and Investment of Assets Pending Transactions, https://statutes.capitol.texas.gov/Docs/NR/htm/NR.162.htm#162.0041 (accessed Apr. 20, 2024).

162.001
Definitions 162.002
Money and Interests Included in the Veterans’ Housing Assistance Fund 162.003
Administration 162.004
Investments of Certain Money in the Veterans’ Housing Assistance Fund 162.005
Sale of Loans 162.006
Temporary Transfers 162.011
Loans 162.013
Interest Rate 162.014
Security for the Loan 162.015
Initial Payment or Equity 162.016
Time Limit on Transfer 162.017
Foreclosure and Resale 162.018
Interest Rate on Delinquent Principal and Interest 162.019
Enforcement of Forfeiture and Protection of Rights 162.031
Issuance and Sale of Bonds 162.032
Installments 162.033
Interest Rate 162.034
Payment and Maturity of Bonds 162.035
Form, Denomination, and Place of Payment of Bonds 162.036
Manner of Execution 162.037
Signatures and Seals 162.038
Approval by Attorney General 162.039
Registration with Comptroller 162.040
Validity of Bonds 162.0041
Custody and Investment of Assets Pending Transactions 162.041
Bonds as Negotiable Instruments 162.0042
Lending Securities 162.042
Notice for Bids on Bonds 162.043
Security for Bid 162.044
Sale of Bonds 162.045
Replacement Bonds 162.046
Refunding Bonds 162.047
Bonds as Investments and Security 162.048
Taxation of Bonds 162.049
Payment of Principal and Interest 162.050
Constitutional Appropriations 162.051
Purchase and Destruction of Bonds 162.052
Bond Enhancement Agreements

Accessed:
Apr. 20, 2024

§ 162.0041’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._nat._resources_code_section_162.0041

Original Source: Section 162.0041 — Custody and Investment of Assets Pending Transactions, https://statutes.capitol.texas.gov/Docs/NR/htm/NR.162.htm#162.0041 (last accessed Apr. 20, 2024).