TX HB3495

Authorizes the comptroller to hold marketable securities received outside the state treasury, rather than being required to deposit them immediately into the treasury

Allows the comptroller to pay reasonable and necessary expenses for holding and liquidating securities from the sale proceeds before depositing the net proceeds into the state treasury

Exempts all state funds invested by the comptroller from the Public Funds Investment Act requirements, expanding the current exemption which only applied to funds invested under Section 404.024

Appropriates marketable securities currently held in the general revenue fund under the Unclaimed Property law (Chapter 74, Property Code) to the comptroller to be held and administered outside the state treasury

Takes effect September 1, 2025