Texas § GV.2116.003 - DEPOSITORY ADMINISTRATION
Full text of Texas The Texas Constitution § GV.2116.003 — DEPOSITORY ADMINISTRATION, with citation guidance and answers to common questions.
§ GV.2116.003. DEPOSITORY ADMINISTRATION
DEPOSITORY ADMINISTRATION; ADMINISTRATOR. (a) The depository is administered as a division of the office of the comptroller and under the direction and supervision of a bullion depository administrator appointed by the comptroller with the advice and consent of the governor, lieutenant governor, and senate. (b) The administrator shall: (1) administer, supervise, and direct the operations and affairs of the depository and depository agents; and (2) liaise with the comptroller and other divisions of the office of the comptroller to ensure that each transaction with the depository that involves state money, that involves an agency, a political subdivision, or another instrumentality of this state, or that involves a private person is planned, administered, and executed in a manner to achieve the purposes of this chapter. (c) The administrator may appoint or employ, subject to the approval of the comptroller, a deputy administrator or other subordinate officers or employees as necessary and appropriate to the efficient administration of the depository. (d) The comptroller may employ security officers to provide needed security services for the depository and may commission the officers as peace officers. Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483 ), Sec. 1, eff. June 19, 2015. Amended by: Acts 2019, 86th Leg., R.S., Ch. 198 (H.B. 2458 ), Sec. 11, eff. May 24, 2019.
Frequently Asked Questions About Texas § GV.2116.003
What does The Texas Constitution § GV.2116.003 cover?
Section GV.2116.003 ("DEPOSITORY ADMINISTRATION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2116.003?
A common citation format is "The Texas Constitution § GV.2116.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2116.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.