Sec. 404.028.  INVESTMENT ADVISORY BOARD.  (a)  The comptroller shall establish an investment advisory board to advise the comptroller regarding investments that the comptroller makes under this subchapter or other law.  For purposes of this section, the deposit of state funds in a state depository is not considered an investment.
(b)  The comptroller shall appoint members to the advisory board who possess the expertise appropriate for advising the comptroller with regard to one or more types of investments that the comptroller may make.
(c)  The comptroller shall determine the number of members of the advisory board.  A member serves on the advisory board at the will of the comptroller.
(d)  Chapter 2110 does not apply to the size, composition, or duration of the advisory board.
Added by Acts 2001, 77th Leg., ch. 282, Sec. 1, eff. Sept. 1, 2001.