Texas HB3495 allows the comptroller to manage marketable securities outside the state treasury for specific funds.
Texas HB3495 amends the Government Code to allow the comptroller to manage marketable securities outside the state treasury for funds excluding public retirement systems, state funds, certain higher education endowments, Veterans' Land Board investments, registry funds, and deferred compensation plans. The bill appropriates marketable securities from the general revenue fund to the comptroller for this purpose, effective September 1, 2025.
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