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362 .
<br />§ 2256.053 GOVEPUNMENrr CODE
<br />Title 10
<br />through a member in good standing of the National Association of Securities
<br />Dealers or from or through a national or state bank on receiving an invoice
<br />from the seller of the securities showing that the securities have been •purchased
<br />by the board or agency and that the amount to be paid for the securities is just,
<br />due, and unpaid. A purchase of• securities may not be made.,,at a price that
<br />exceeds the existing market value of the securities.
<br />Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995: Acts 1997, 75th Leg.,
<br />ch. 1423,. § 8.67, eff. Sept. 1, 1997.
<br />Historical and
<br />Acs 1997. 75Th Leg.. ch. 1423 made conform-
<br />ing amendments to reflect the abolishment of
<br />the office of the state treasurer.
<br />Sections 22.01, to 22.03 of Acts 1997, 75th
<br />Leg., eh. 1423 provide:
<br />"Sec. 22.01. The purpose of this Act is to
<br />conform the statutes to reflect the abolishment
<br />of the office of state treasurer.
<br />"Sec. 22.02. (a) This Act does not revive a
<br />fund or account that was abolished or consoli-
<br />dated in accordance with Section 503.094, Gov-
<br />ernment Code, as added by Chapter 4, Acts of
<br />the 72nd Legislature. 1st Called Session. 1991.
<br />or in accordaner with other law.
<br />"(b) This Act does not revive a dedication of
<br />money for a particular purpose that was abol-
<br />ished in accordance with Section 403.094, Gov-
<br />ernment Code, as added by Chapter 4, Acts of
<br />the 72nd Legislature, 1st Called Session. 1991.
<br />or in accordance with other law.
<br />Statutory Notes
<br />"(1) the abolished requirement to appoint a
<br />first assistant under Chapter 404, Government
<br />Code: and
<br />"(2) matters relating to a bond required ' of
<br />the comptroller or an employee of the comptrol-
<br />ler.
<br />"Sec. 23.03. (a) Except as provided by Sub-
<br />section (b) of this section, if another law- enaet-
<br />ed by the 75th Legislature. Regular Session.
<br />1997, that is intended in whole or in part to
<br />make a substantive chance to the law conflicts
<br />with this Am the other law controls.
<br />"(b) This Act controls over another law enact-
<br />ed by the 75th Legislature, Regular Session.
<br />1997: with regard to:
<br />"(1) the abolished require. ent to. appoint a
<br />first assistant under Chapter 404. Govermnent
<br />Code: and
<br />"(2) matters relating to a bond , required of
<br />the comptroller or an e:npioyea of the comptrol-
<br />ler."
<br />"(c) This Act does not. of itself impose a new
<br />power or duty on the comptroller, transfer a Prior Laws:
<br />power or duty to or from the comptroller. re- Acts 1967. 60th Leg., P. 915. ch. 401.
<br />create a power or duty no lonecr possessed or Acts 1979. 66th Leg., p. 310. ch. 143. § 1.
<br />performed by the comptroller, or abolish a pow- Vernon's Ann.Civ.SL art. 6252 -5a. § 2.
<br />,er or duty possessed or performed by the comp- Acts 1993, 73rd Leg.. ch. 268. § 1.
<br />troller, except with regard to: V.T.C.A., Government Code § 2256.102.
<br />§ 2256.054. Delivery of Securities Purchased by State
<br />A security purchased under this chapter may be delivered to the comptroller,
<br />a bank, or the board or agency investing its funds. • The delivery shall be made
<br />under normal and recognized practices in the securities and banking industries,
<br />including the book entry procedure of the Federal Reserve Bank.
<br />Amended by Acu 1993, 74th Leg., ch. 402, § d, eff. Sept. - 1, 1993: Acts 1997, 75th Leg..
<br />ch. 1423, § 8.68, eff. Sept. 1, 1997.
<br />Historical and Statutory Notes
<br />Acts 1997. 75th Leg., eh. 1423 made conform- Prior Laws:
<br />ing amendments to reflect the abolishment of Acts 1967. 60th Leg.. p. 91:. ch. 401.
<br />the office-of the state treasurer. Acts;1979. -66th Leg.. p..310, ch. 143.
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