Texas § GV.547.0510 - ALLOCATING APPROPRIATED MONEY

§ GV.547.0510. ALLOCATING APPROPRIATED MONEY

ALLOCATING APPROPRIATED MONEY. The commission may use a reasonable amount of the money appropriated by the legislature for the purposes of the matching grant program, not to exceed five percent, to pay the administrative costs of implementing and administering the program. Added by Acts 2023, 88th Leg., R.S., Ch. 1035 (S.B. 26 ), Sec. 3, eff. September 1, 2023. Transferred, redesignated and amended from Government Code, Section 531.09915(k) by Acts 2025, 89th Leg., R.S., Ch. 204 (H.B. 1620 ), Sec. 8.044(b), eff. September 1, 2025. SUBCHAPTER K. BEHAVIORAL HEALTH CRISIS SERVICES Sec. 547.0551. 988 SUICIDE AND CRISIS LIFELINE TRUST FUND. (a) In this section, "trust company" means the Texas Treasury Safekeeping Trust Company. (b) The 988 suicide and crisis lifeline trust fund is established as a trust fund outside the state treasury to be administered by the commission. (c) The trust fund consists of: (1) gifts, grants, and donations, including federal funds, received by this state for the purposes of the trust fund; and (2) interest, dividends, and other income of the trust fund. (d) Money deposited in the trust fund may only be used to: (1) implement, maintain, or improve the 988 Suicide & Crisis Lifeline, including personnel and technological infrastructure improvements necessary to achieve operational and clinical standards and best practices as provided by the 988 Suicide & Crisis Lifeline; and (2) pay the trust company's expenses of managing the trust fund's assets. (e) The trust company shall hold and invest the trust fund. The trust fund may be invested with the state treasury pool and may be pooled with other state assets for purposes of investment. (f) The overall objective for the investment of the trust fund is to maintain sufficient liquidity to meet the needs of the trust fund. (g) The trust company may acquire, exchange, sell, supervise, manage, or retain any kind of investment that a prudent investor, exercising reasonable care, skill, and caution, would acquire or retain in light of the purposes, terms, distribution requirements, and other circumstances of the trust fund then prevailing, taking into consideration the investment of all the assets of the trust fund rather than a single investment. (h) The reasonable expenses of managing the trust fund's assets shall be paid from the trust fund. (i) The commission at least annually, and more frequently as appropriate, shall provide to the trust company a forecast of the cash flows into and out of the trust fund to ensure the trust company is able to achieve the purposes of this section. (j) The state may not transfer or use trust fund assets for any purpose other than the uses provided in this section. Added by Acts 2025, 89th Leg., R.S., Ch. 472 (H.B. 5342 ), Sec. 1, eff. September 1, 2025.