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Texas Government Code - GOV'T § 2257.023. Collateral Policy

Current as of January 01, 2024 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2257.023. Collateral Policy - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2257-023/

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