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Texas Government Code - GOV'T § 403.707. Texas Strategic Bitcoin Reserve Advisory Committee

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

(a) In this section, "committee" means the Texas Strategic Bitcoin Reserve advisory committee.

(b) The committee is composed of the following five members:

(1) the comptroller;

(2) one member of the comptroller's investment advisory board established under Section 404.028, appointed by the comptroller;  and

(3) three members with expertise in cryptocurrency investments, appointed by the comptroller.

(c) The committee shall advise the comptroller regarding the administration and management of the reserve, including:

(1) recommendations for valuing assets in the reserve;  and

(2) the establishment of prudent investment policies relating to the investment objectives of and asset allocation in the reserve.

(d) A member of the committee is not entitled to receive compensation for service on the committee or reimbursement for expenses incurred in the performance of official duties as a member of the committee.

(e) Members of the committee appointed by the comptroller serve at the will of the comptroller.

(f) Chapter 2110 does not apply to the committee.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 403.707. Texas Strategic Bitcoin Reserve Advisory Committee - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-403-707/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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