Texas Statutes
§ 66.07 — CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.
Texas § 66.07
JurisdictionTexas
Code EDEducation Code
This text of Texas § 66.07 (CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Education Code Code Ann. § 66.07 (2026).
Text
Sec. 66.07. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. With the approval of the comptroller, the board of regents of The University of Texas System may appoint one or more commercial banks, depository trust companies, or other entities to serve as a custodian or custodians of the permanent university fund's securities with authority to hold the money realized from those securities pending completion of an investment transaction if the money held is reinvested within one business day of receipt in investments determined by the board of regents. Money not reinvested within one business day of receipt shall be deposited in the state treasury not later than the fifth day after the date of receipt.
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Legislative History
Added by Acts 1997, 75th Leg., ch. 1311, Sec. 2, eff. Sept. 1, 1997.
Nearby Sections
15
§ 66.01
PERMANENT UNIVERSITY FUND.§ 66.02
AVAILABLE UNIVERSITY FUND.§ 66.05
REPORTS.§ 66.08
INVESTMENT MANAGEMENT.§ 66.21
REGISTRATION.§ 66.22
REFUNDING BONDS AND NOTES.§ 66.25
TAX EXEMPT.§ 66.42
DUTY OF LAND COMMISSIONER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 66.07, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/66.07.