Sec. 1102.353. MANAGEMENT OF FUND

Latest version.

(a) The commission shall hold money credited to the fund in trust to carry out the purpose of the fund.
(b) Money credited to the fund may be invested in the same manner as money of the Employees Retirement System of Texas, except that an investment may not be made that would impair the liquidity necessary to make payments from the fund as required by this subchapter.
(c) Interest from the investments shall be deposited to the credit of the fund.
(d) If the balance in the fund on December 31 of a year is more than $600,000, the commission shall transfer the amount in excess of $600,000 to the credit of the general revenue fund.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.

                    
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