Opinion No.

Honorable Warren G. Harding State Treasurer P. O. Box 12608 Capitol Station Austin, Texas 78711

Re: Whether the Texas Housing Agency can appoint a custodian of its funds other than the state treasurer

Dear Mr. Harding:

You have requested our opinion as to whether the Texas Housing Agency may appoint a custodian for its reserve funds and other funds which is not the state treasurer. The Texas Housing Agency Act, V.T.C.S. article 12691-6, provides that the Texas Housing Agency may create and establish with the state treasurer a reserve fund consisting of proceeds from bond sales or other resources…