AUDITS AND EXAMINATIONS
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
As part of an audit or regulatory examination of a public entity's depository or custodian, the auditor or examiner shall:
(1) examine and verify pledged investment securities and records maintained under Section 2257.025 or 2257.046; and
(2) report any significant or material noncompliance with this chapter to the comptroller.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.