Texas § 1551.406 INVESTMENT OF FUNDS.

Texas Statutes

§ 1551.406 — INVESTMENT OF FUNDS.

Texas § 1551.406

Code INInsurance Code

This text of Texas § 1551.406 (INVESTMENT OF FUNDS.) 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. Insurance Code Code Ann. § 1551.406 (2026).

Text

Sec. 1551.406. INVESTMENT OF FUNDS.

(a)Under the standard of care provided by Section 815.307 , Government Code, the board of trustees may manage and has full power to invest and reinvest the money in:

(1)the employees life, accident, and health insurance and benefits fund;

(2)the state employees cafeteria plan trust fund; and

(3)the employees' health care stabilization trust fund.

(b)The earnings, including interest on money in the fund and proceeds from the sale of any investments, become a part of the fund.

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Sec. 1551.406. INVESTMENT OF FUNDS. (a) Under the standard of care provided by Section 815.307 , Government Code, the board of trustees may manage and has full power to invest and reinvest the money in:
(1) the employees life, accident, and health insurance and benefits fund;
(2) the state employees cafeteria plan trust fund; and
(3) the employees' health care stabilization trust fund.
(b) The earnings, including interest on money in the fund and proceeds from the sale of any investments, become a part of the fund.