A security purchased under this chapter may be delivered to the comptroller, a bank, or the board or agency investing its funds. The delivery shall be made under normal and recognized practices in the securities and banking industries, including the book entry procedure of the Federal Reserve Bank.
Tex. Gov't Code § 2256.054
DELIVERY OF SECURITIES PURCHASED BY STATE
Known as the Public Funds Investment Act
The act spans §§ 2256.001 to 2256.055 (39 sections).
Added by Acts 1993, 73rd Leg., R.S., Ch. 268 (S.B. 248), Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.