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<br />...~...'~"., >I',. . ....,... ..~..""..........w._....,.>.-*-.}~............l..... _.....,.,~.'..'''''1..- .':;.I'4;rJi...... " ., .....l...:'t?o\ll'....:o'IO.~~~lI\h.'tO!~.\''-'''<.,...'{.l...,Jto.A~'_......~......._....,...''''.,.'oI\~,\""'r.,~r"~1"',.~.., <br />,.~....' . <br /> <br />.~ <br />. <br /> <br />S 2256.011 <br /> <br />GOVERNMENT CODE <br />TItle 10 <br /> <br />ACts 1987. 70th Leg.. ch. 889. <br />Acts 1989. 71st Leg.. ch. 39. 9 1. <br />Acts 1989. 71s1 Leg.. eh. 628. 9 1. <br />Acts 1989. 71st Leg.. eh. 693, 94 <br /> <br />Acts 1989. 71st Leg.. ch. 750. 9 1. <br />Aels 1993. 73rd Leg.. ch. 946. 9 1. <br />Vernon's Ann.Civ.St. art. 842a-2. 9 2(a). (c). <br />Am 1993. i3rd Leg.. ch. 268. 9 1. <br />Acts 1995, 74th Leg.. eh. 76. 9 5.45(b), (I). <br />V.T.C.A.. Government Code 9 2256.008. <br /> <br />Prior Laws: <br /> <br />S 2256.012. Authorized Investments: Banker's Acceptances' <br /> <br />. J\ bankers' acceptance is an authorized investment under this subchapter if <br />the bankers' acceptance: <br />(I) h2.S a stated maturity of 270 days or fewer from the date of its issuance: <br /> <br />(2) will be. in accordance with its terms. liquidated in full at maturity; <br /> <br />(3) is eligible for collateral for borrowing from a Federal Reserve Bank; <br />and <br />(4) is accepted by a bank organized and existing under the laws of the <br />United States or anv state. if the shon:-term obli2"ations of the ba.'1k. or of a <br />bank holding comp~y.of which the bank is the i;'rgest subsidiary. are rated <br />not less than A-lor P-l or an equivalent rating by at least one nationally <br />recognized credit rating ~gency. <br /> <br />Amended by Acts 1995. 74th Le~.. ch. 402. 9 1. eff. Sept. 1. 1995. <br /> <br />Acts 198i, iOth Leg.. ch. 889. <br />Acts 1989. ilst Leg.. ch. 39. 9 I. <br />Acts 1989. ilst Leg.. eh. 628, 9 1. <br /> <br />Historical and Statutory Notes <br /> <br />Acts 1989. i 1st Leg.. ch. 693. 9 4. <br />Acts 1989. i 1st Lei!.. ch. iSO. !i .1. <br />Vemon's Ann.Ch'.St. art. 842a-2.!i 2(a). (el. <br />., Acts 1993. i3rd Le2.. ch. 268. 9 I. <br />V.T.C.A.. Go\'ernment Code 9 2256.009. <br /> <br />J <br /> <br />Prior Laws: <br /> <br />S 2256.013. Authorized Investments: Commercial Paper <br /> <br />Commercial paper is an authorized investment under this subchapter if the <br />commercial paper: <br />(1) h2.S a stated maturity of 270 days or fewer from the date of its issuance; <br />and <br /> <br />(2) is rated not less than J\-l or P-l or an equivalent rating by at least: <br /> <br />(A) two nationally recognized credit rating agencies; or <br />(B) one nationally recognized creclit rating agency and is fully secured by <br />an irrevocable letter of creclit issued bv a bank or2"anized and existin2" <br />- - - <br />under the laws of the United States or any state. <br />Amended by Acts 1995. 74th Leg.. ch. 402. 9 1. eff. Sept. 1. 1995. <br /> <br />, <br /> <br />.:' <br /> <br />Acts 1967. iOth Leg.. ch. 889. <br />ActS 1989. itst Leg.. eh. 39.!i 1. <br />Acts 1989. ilst Leg.. ch. 628.!i 1. <br /> <br />Historical and Statutory Notes <br />Acts 1989. i 1st Leg.. ch. 693. 9 4. <br />Acts 1989. 71st Le~.. ch. i50. 9 1. <br />Vernon',s ,Ann.C-n-.St. art. 8423-2. ~ 2(al. <br />Acts 1993. i3rd Le2.. cn. 268. ~ 1. <br />V,T.C.A.. Governme:Jt Code!i 2256.010: <br /> <br />. ---J:- <br /> <br />Prior Laws: <br />