Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 10. GENERAL GOVERNMENT |
Subtitle F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT |
Chapter 2257. COLLATERAL FOR PUBLIC FUNDS |
Subchapter E. EXEMPT INSTITUTIONS |
Sec. 2257.083. INVESTMENT; SELECTION OF DEPOSITORY
Latest version.
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This chapter does not:
(1) prohibit an exempt institution from prudently investing in a certificate of deposit; or
(2) restrict the selection of a depository by the governing body of an exempt institution in accordance with its fiduciary duty.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.