INVESTMENT OF FUNDS.
Tex. INS Code § 1551.406.
in effect(a) Under the standard of care provided by Section 815.307 , Government Code, the board of trustees may manage and has full power to invest and reinvest the money in:
(1) the employees life, accident, and health insurance and benefits fund;
(2) the state employees cafeteria plan trust fund; and
(3) the employees' health care stabilization trust fund.
(b) The earnings, including interest on money in the fund and proceeds from the sale of any investments, become a part of the fund.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.