Texas Government Code - GOV'T § 547.0551. 988 Suicide and Crisis Lifeline Trust Fund

(a) In this section, "trust company" means the Texas Treasury Safekeeping Trust Company.

(b) The 988 suicide and crisis lifeline trust fund is established as a trust fund outside the state treasury to be administered by the commission.

(c) The trust fund consists of:

(d) Money deposited in the trust fund may only be used to:

(e) The trust company shall hold and invest the trust fund.  The trust fund may be invested with the state treasury pool and may be pooled with other state assets for purposes of investment.

(f) The overall objective for the investment of the trust fund is to maintain sufficient liquidity to meet the needs of the trust fund.

(g) The trust company may acquire, exchange, sell, supervise, manage, or retain any kind of investment that a prudent investor, exercising reasonable care, skill, and caution, would acquire or retain in light of the purposes, terms, distribution requirements, and other circumstances of the trust fund then prevailing, taking into consideration the investment of all the assets of the trust fund rather than a single investment.

(h) The reasonable expenses of managing the trust fund's assets shall be paid from the trust fund.

(i) The commission at least annually, and more frequently as appropriate, shall provide to the trust company a forecast of the cash flows into and out of the trust fund to ensure the trust company is able to achieve the purposes of this section.

(j) The state may not transfer or use trust fund assets for any purpose other than the uses provided in this section.