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Tex. Gov't Code § 2257.025

RECORDS OF DEPOSITORY

Known as the Public Funds Collateral Act

The act spans §§ 2257.001 to 2257.114 (41 sections).

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff

(a) A public entity's depository shall maintain a separate, accurate, and complete record relating to a pledged investment security, a deposit of public funds, and a transaction related to a pledged investment security.

(b) The comptroller or the public entity may examine and verify at any reasonable time a pledged investment security or a record a depository maintains under this section.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.