us-tx/regs
34 Tex. Admin. Code § 6.12 — Advisory Board Member Duties
(a)
The advisory board will advise the comptroller and the trust company with respect to state assets held and invested pursuant to Government Code, Chapter 404, and other laws.
(b)
The advisory board will advise, assist, consult with, and make recommendations to the comptroller, with respect to the investment activities carried out by and through the trust company and policies respecting these activities.
(c)
The advisory board is also responsible for:
(1) advising the trust company's chief executive officer and/or chief investment officer;
(2) reviewing investment management strategies, asset allocation policies, and investment performance;
(3) providing advice regarding prudent investment management practices;
(4) providing advice regarding the integrity of the investment management process;
(5) reviewing results of required financial audits; and
(6) advising the comptroller with respect to trust company staffing and compensation matters.
Source Note: The provisions of this §6.12 adopted to
be effective December 30, 2025, 50 TexReg 8615.
Source: official text