Texas Finance Code - Section 154.257. Investment Plan
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§ 154.257. INVESTMENT PLAN. (a) A permit holder or
trustee, if the permit holder deposits the money with a financial
institution as trustee, shall:
(1) adopt a written investment plan consistent with
this section and Sections 154.256 and 154.258 that specifies the
quality, maturity, and diversification of investments;
(2) at least annually, review the adequacy and
implementation of the investment plan;
(3) maintain investment records covering each
transaction; and
(4) maintain the investment plan in the principal
offices of the permit holder and trustee.
(b) The permit holder shall provide the investment plan to
the department with the filing of the permit holder's annual
report.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 1999, 76th Leg., ch. 344, § 2.025, eff. Sept. 1, 1999.
Section: 154.207 154.251 154.252 154.253 154.254 154.255 154.256 154.257 154.258 154.259 154.260 154.261 154.262 154.263 154.264
Last modified: August 10, 2007
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