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Texas Government Code - GOV'T § 2257.046. Books and Records of Custodian; Inspection

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

(a) A public entity's custodian shall maintain a separate, accurate, and complete record relating to each pledged investment security and each transaction relating to a pledged investment security.

(b) The comptroller or the public entity may examine and verify at any reasonable time a pledged investment security or a record a custodian maintains under this section. The public entity or its agent may inspect at any time an investment security evidenced by a trust receipt.

(c) The public entity's custodian shall file a collateral report with the comptroller in the manner and on the dates prescribed by the comptroller.

(d) At the request of the appropriate public entity officer, the public entity's custodian shall provide a current list of all pledged investment securities. The list must include, for each pledged investment security:

(1) the name of the public entity;

(2) the date the security was pledged to secure the public entity's deposit;

(3) the Committee on Uniform Security Identification Procedures (CUSIP) number of the security;

(4) the face value and maturity date of the security; and

(5) the confirmation number on the trust receipt issued by the custodian.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2257.046. Books and Records of Custodian; Inspection - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2257-046/

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