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TITLE 31NATURAL RESOURCES AND CONSERVATION
PART 10TEXAS WATER DEVELOPMENT BOARD
CHAPTER 367AGRICULTURAL WATER CONSERVATION PROGRAM
RULE §367.25Records of Custodian

(a) The custodian shall maintain a separate, accurate, and complete record relating to each pledged security and each transaction relating to a pledged security.

(b) The comptroller or the executive administrator may examine and verify at any reasonable time a pledged security or a record a custodian maintains under this section. The board or its agent may inspect at any time a pledged security evidenced by a trust receipt.

(c) The custodian shall file a collateral report with the comptroller in the manner and on the dates prescribed by the comptroller.


Source Note: The provisions of this §367.25 adopted to be effective May 9, 2005, 30 TexReg 2680

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