Texas § 1101.604 MANAGEMENT OF TRUST ACCOUNT.

Texas Statutes

§ 1101.604 — MANAGEMENT OF TRUST ACCOUNT.

Texas § 1101.604

Code OCOccupations Code

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Bluebook

Tex. Occupations Code Code Ann. § 1101.604 (2026).

Text

Sec. 1101.604. MANAGEMENT OF TRUST ACCOUNT.

(a)The commission shall hold money credited to the trust account in trust to carry out the purpose of the trust account.

(b)Money credited to the trust account may be invested in the same manner as money of the Employees Retirement System of Texas, except that an investment may not be made that would impair the liquidity necessary to make payments from the trust account as required by this subchapter.

(c)Interest from the investments shall be deposited to the credit of the trust account.

(d)Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577 ), Sec. 28(6), eff. January 1, 2024.

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Sec. 1101.604. MANAGEMENT OF TRUST ACCOUNT. (a) The commission shall hold money credited to the trust account in trust to carry out the purpose of the trust account.
(b) Money credited to the trust account may be invested in the same manner as money of the Employees Retirement System of Texas, except that an investment may not be made that would impair the liquidity necessary to make payments from the trust account as required by this subchapter.
(c) Interest from the investments shall be deposited to the credit of the trust account.
(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577 ), Sec. 28(6), eff. January 1, 2024.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577 ), Sec. 28(6), eff. January 1, 2024.