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<br />~~-"""'t''''''Jl~_l-'U'~~~l''~t',~~~\~,' ~. ,..i.~l..i. <br /> <br />GENERAL GOVERl'IMENT <br />Ch. 2256 <br /> <br />Vernon's Ann.Civ.SL an. 6252-5a. 9 2. <br />Acts 1993. 73rd Lcg., ch. 268. 9 1. <br />V.T.C.A.. Government Code 9 2256.103. <br /> <br />~~ 2256.0Si to 2256.059 <br />Deleted <br /> <br />9 2256.055. Deposit of Securities Purchased by State <br /> <br />l\t the direction of the comptroller or the agency, a security purchased unde:- <br />this chapter may be deposited in trust with a bank or federal reserve bank or <br />branch designated by the comptroller, whether in or outside the state. The <br />deposit shall be held in the entity's name as evidenced by a trust receipt of the <br />bank with which the securities are deposited. <br /> <br />Amended by ActS 1995. 74th Leg.. ch. 402. 9 I. eff. Sept. I. 1995: ActS 1997. 75th Leg.. <br />ch. 1423.9 8.69, eft. Sept. I, ] 997. <br /> <br />Historical and Statutory Notes <br /> <br />ACts 1997. 75th Lee.. ch. 1423 made conform. <br />ing amendmenlS to -reflect the abolishment of <br />the office of the State tre:lSurer. <br /> <br />Acts 1979. 66th Leg.. p. 310. ch. 143. S 2. <br />Vernon's Ann.Civ.St. a:.r.... 6252-5:1.. S 3. <br />Acts 1993. 73rd Leg.. ch. 26S. 9 1. <br />V.T.C.A.. Gnve:=nent Code 9 2256.10~. <br /> <br />P:ior uws: <br />Acts 1967. 60th Leg.. p. 915. ch. 401. <br />. <br /> <br />. S 2256.056. Compliance With Other Laws <br /> <br />Notwithstanding any other law, a municipality with a population of less tha!l <br />50,000 may not issue for any purpose or cause to be issued in its behalf a!lY <br />installment sale obligation or lease-purchase obligation having the principal J <br />amount of S 1 million or more without complying with the prOvisions of Section <br />3.002, Chapter 53, Acts of the 70th Legislarure, 2nd Called Session. 1987 <br />(Article 717k-S. Vernon's 1:exas Civil Statutes), regardless of whethe:- tho:: <br />obligation was issued individually or in a series of related transactions, or <br />whether the obligation was issued with no recourse to the local government. <br /> <br />Added by Acts 1997. 75th Leg.. ch. 1421,9. 14, eff. Sept. I, 1997. <br /> <br />Historical and Statutory Notes <br /> <br />For applic:llion provisions of ActS 1997. 75th <br />Leg.. ch. 1421. see notes following V.T.C.\.. <br />Government Code 9 2256.002. <br /> <br />SS 2256.057 to 2256.059. Deleted by Acts 1995, 74th Leg.. ch. 402. 9 1. <br />eff. Sept. 1. 1995. <br /> <br />[Sections 2256.060 to 2256.100 reserved for expansion) <br /> <br />, <br /> <br />...-+ <br />