Tex. Ins. Code § 1601.253 – Investment of Money in Fund | Midpage

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Texas Statutes

§ 1601.253

Tex. Ins. Code § 1601.253

Investment of Money in Fund

Effective Jun 1, 2003Added by Acts 2001, 77th Leg., ch. 1419

(a) The governing board of a system may invest the money in the system's cafeteria plan fund.
(b) The earnings, including interest, and the proceeds from the sale of the investments become a part of the fund.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.