The comptroller has been granted authority by Government Code, §2257.102(a) to establish by rule a program for centralized pooled collateralization of deposits of public funds and for monitoring collateral maintained by participating depository institutions. The pooled collateral program is designed to safeguard deposits of public funds, allow greater efficiency, and reduce costs to public entities and depository institutions.

Source Note: The provisions of this §4.100 adopted to be effective October 19, 2010, 35 TexReg 9345