This chapter does not:
(1) prohibit an exempt institution from prudently investing in a certificate of deposit; or
(2) restrict the selection of a depository by the governing body of an exempt institution in accordance with its fiduciary duty.
Tex. Gov't Code § 2257.083
INVESTMENT; SELECTION 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
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.