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<br />.---... <br /> <br />S 2256.006 <br /> <br />'. <br /> <br />GOVER.~MENT CODE <br />Title 10 <br /> <br />(2) whether the investment decision was consistent with the wrinen invest- <br />ment policy of the entity. <br /> <br />, <br />Amended by Acts 1995. 74th Leg.. ch. 402. S.I, eff. Sept. 1. 1995. <br /> <br />Historical and Statutory Notes <br /> <br />Prior I.:lws: Acts 1993. 73rd Le2.. ch. 268,~ 1. <br />Acts 1979. 66th Le!!.. p. 2071. ch. 810. Vernon's Ann.Ci';:SL ar.s. 842~-2, ~ 4; <br />Acts 1987. 70th Lee.. ch. 889.. 4413(34c). ~ 6(a). <br />ActS 1989, 71sl LeS.. ch. 693. ~ 2. V.T.C.A.. Govemment Code ~ 2256.005. <br /> <br />S 2256.007. Investment Training; State Agency Board Members and Offi- <br />cers <br /> <br />(a) Each member of the governing board of a state agency and its investment <br />officer shall anend at least one training session relating to the person's <br />responsibilities under this chapter within six months after taking office or <br />assuming duties. <br /> <br />(b) The Texas Higher Education Coordinating Board shall provide the train- <br />ing under this section. <br /> <br />(c) Training under this section must include education in investment con- <br />trols, security risks, strategy risks. market risks, and compliance with this <br />chapter. <br /> <br />(d) An iLvestment officer shall attend a training session not less than once in <br />a two-year period and may receive training from any independent source <br />approved by. the governing body of the state agency. The investment officer <br />shall prepare a report on this subchapter and deliver the report to the <br />governing body of the state agency not later than the 180th day after the last <br />day of each regular session of the legislature. <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, S I, eEf. Sept. 1, 1995; Acts 1997. 75th Leg.. <br />ch. 73, S 1, eff. May 9, 1997; Acts 1997. 75th Leg.. ch. 1421, S 4, eff. Se;n. 1, 1997. <br /> <br />Historical and Statutory Notes <br /> <br />Section 7 of the 1995 amendatory act pro- Acts 1997, 75th Leg.. ch. 73 re"Tote subsec. <br />vides: (b 1. which previously read: <br />'The governor's office shall provide training <br />under this sec:ion for memben and officers <br />othe~ than memben and officen of an instiLu, <br />tion of hi!!he~ education. The Te:tas Higher <br />EducaLion Coorciinating Boar;! shall provide the <br />training for members and officer; of institutions <br />of higher education." .. <br />Acts 1997, 75th Leg.. cn. 1421 added subsec. <br />(dJ. <br />For application provisions of Acts 1997. 75th <br />Le2.. ch. 1421. see-notes followinl! V.T.C.A.. <br />Government Code ~ 2256.002. - <br /> <br />., <br /> <br />"Each member of a governing board and <br />t::lch investment officer \,.ho is in office or who <br />has assumed duties on September 1. 1995. and <br />who would be reouired bv Section 2256.007(a), <br />. . .. I <br />Government Code, as amended by this Act, to <br />anend .invesone:ll training within si:t months <br />aner win!; office or :lSsuming duties shaU at. <br />lend al leaCit one: training session relating to the <br />penon's responsibilities under Chapter 2:!56. <br />Government Code, that meets the requirements <br />of that section not later than March I. 1996:' <br /> <br />..l <br /> <br />. <br /> <br />. --J- <br />