An annual meeting of the investment advisory committee shall be held on or before April 1st of each calendar year. The comptroller shall report to the investment advisory committee the performance of the trust account for the preceding calendar year. The investment advisory committee shall adopt the actual distribution amount to be used by the comptroller to make the distributions from the trust account to the political subdivisions and to the distribution stabilization account.

Source Note: The provisions of this §18.3 adopted to be effective November 16, 2000, 25 TexReg 11292; amended to be effective March 27, 2003, 28 TexReg 2618; amended to be effective March 6, 2006, 31 TexReg 1454