Sec. 1551.406. INVESTMENT OF FUNDS. (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.
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