Texas Education Code - Section 52.19. Investment Of Funds
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§ 52.19. INVESTMENT OF FUNDS. All money in the Texas
college interest and sinking fund and in each board interest and
sinking fund, including the reserve portion, and all money in the
Texas Opportunity Plan Fund and in the student loan auxiliary fund
in excess of the amount necessary for student loans, and all money
in each board student loan fund shall be invested by the comptroller
in the investments prescribed by board resolution. The board shall
furnish to the comptroller a copy of the resolution prescribing
authorized investments. The board may sell any instruments owned
in the Texas college interest and sinking fund, a board interest and
sinking fund, the Texas Opportunity Plan Fund, the student loan
auxiliary fund, or a board student loan fund at the prevailing
market price. Income from these investments may be deposited in any
of those funds.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971. Amended by Acts 1991, 72nd Leg., ch. 4, § 2, eff. Feb.
28, 1991; Acts 1991, 72nd Leg., 2nd C.S., ch. 5, § 2, eff. Aug.
29, 1991; Acts 1993, 73rd Leg., ch. 571, § 8, eff. Aug. 30, 1993;
Acts 1997, 75th Leg., ch. 1423, § 5.12, eff. Sept. 1, 1997.
Section: 52.12 52.13 52.14 52.15 52.16 52.17 52.18 52.19 52.20 52.31 52.32 52.321 52.33 52.34 52.35
Last modified: August 10, 2007
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