Texas § 2257.023 COLLATERAL POLICY.

Texas Statutes

§ 2257.023 — COLLATERAL POLICY.

Texas § 2257.023

Code GVGovernment Code

This text of Texas § 2257.023 (COLLATERAL POLICY.) 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. Government Code Code Ann. § 2257.023 (2026).

Text

Sec. 2257.023. COLLATERAL POLICY.

(a)In accordance with a written policy approved by the governing body of the public entity, a public entity shall determine if an investment security is eligible to secure deposits of public funds.

(b)The written policy may include:

(1)the security of the institution that obtains or holds an investment security;

(2)the substitution or release of an investment security; and

(3)the method by which an investment security used to secure a deposit of public funds is valued.

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Sec. 2257.023. COLLATERAL POLICY. (a) In accordance with a written policy approved by the governing body of the public entity, a public entity shall determine if an investment security is eligible to secure deposits of public funds.
(b) The written policy may include:
(1) the security of the institution that obtains or holds an investment security;
(2) the substitution or release of an investment security; and
(3) the method by which an investment security used to secure a deposit of public funds is valued.