If the director determines that prize money is to be paid in installments, the comptroller shall invest funds from the state lottery account as necessary to ensure the payment of the installments. The investments may be in securities, annuities, or other instruments as determined by the comptroller.
Tex. Gov't Code § 466.403
PAYMENT OF PRIZE IN INSTALLMENTS
Known as the State Lottery Act
The act spans §§ 466.001 to 466.453 (101 sections).
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), 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.