Tex. Finance Code § 154.353
DEPOSIT OF FUND OR PORTION OF FUND
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 154.353, DEPOSIT OF FUND OR PORTION OF FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646276
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Full text
(a) The fund or a portion of the fund may be deposited:
(1) with the comptroller;
(2) with a federally insured financial institution that has its main office or a branch in this state; or
(3) in trust with a financial institution that has its main office or a branch in this state and is authorized to act as a fiduciary in this state.
(b) If the fund or a portion of the fund is deposited with the comptroller, the comptroller shall manage the deposit as trustee of money outside the state treasury.