Texas Finance Code
§ 156.553 — MANAGEMENT OF FUND
FI § 156.553Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 156. RESIDENTIAL MORTGAGE LOAN COMPANIES · Art. G. MORTGAGE GRANT FUND
Statute text
View on source(a)The commissioner, as manager of the mortgage grant fund, shall:
(1)subject to Subsection (b), invest and reinvest the assets of the fund;
(2)make disbursements from the fund in accordance with Section 156.554;
(3)advise the finance commission regarding the fund;
(4)maintain books and records for the fund as required by the finance commission; and
(5)appear at hearings or judicial proceedings related to the fund.
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Legislative history
Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 7, eff. September 1, 2021.