(a) The governing board of a system may invest the money in the system's cafeteria plan fund.
(b) The earnings, including interest, and the proceeds from the sale of the investments become a part of the fund.
Tex. Ins. Code § 1601.253
INVESTMENT OF MONEY IN FUND
Known as the State University Employees Uniform Insurance Benefits Act
The act spans §§ 1601.001 to 1601.308 (68 sections).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, 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.