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<br />GENERAL GOVERNMEl\I'T <br />Ch. 2256 <br /> <br />S 2256.002 <br /> <br />Act that are no longer authorized invesunent <br />s"curiti"s und"r th:ll chapter as amended by <br />this Act is not required by this Act to liquidate <br />those securities before the final st.:lted maturirv <br />of the: invcstmt::lt." . <br /> <br />Prior Laws: <br />Acts 198;. 70th Leg.. ch. 889. <br />Vernon's Ann.Civ.St. an. 8423-2. ~ 1. <br />Acts 1993: 73rd Leg.. ch. 268, ~ 1. <br />V.T.C.A.. Government Code!i 2256.00 I. <br /> <br />~ 2256.002. Definitions <br /> <br />In this chapter: <br /> <br />(1) "Bond proceeds" means the proceeds from the sale of bonds. notes, <br />and other obligations issued bv an entity. and resenoes and funds maintained <br />by an entity fo;debt service p~rposes. . <br /> <br />(2) "Book\,alue" me:ms the original acquisition cost oEan investment plus <br />or minus the accrued amonization or accretion. <br /> <br />(3) "Funds" means public funds in the custody of a state agency or local <br />government that: <br /> <br />(A) are not required by law to be deposited in the state treasury; and <br /> <br />(B) the investing entity has authority to invest. <br /> <br />(4) "Institution of hi~her education" has the mea..Tling assigned by Section <br />61.003, Education Code. <br /> <br />(5) "Investing entity" and "entity." mean an entity subject to this chapte:- <br />and described by Section 2256.003. <br /> <br />(6) "Investment pool" means an entity created under this code to invest <br />public funds jointly on behalf of the entities that participate in the pool and <br />whose investment objectives in order of priority are: <br /> <br />(A) preservation and safety of principal; <br /> <br />(B) liquidity; and <br /> <br />(C) yield. <br /> <br />(7) "Local government" me:ms a municiDalitv. a county, a school district. <br />- ...... <br />a district or authority created under Section 52(b)(1) or (2). Aniele III; or <br />Section 59. Article XVI. Texas Constitution. a fresh water supply district. a <br />hospital district. and any political subdivision. authority, public corporation, <br />body politic. or instrumentality of the State of Texas. and any nonprofit <br />corporation acting on behalf of any of those entities. <br /> <br />(8) "Market value" means the curre::lt face or par value' of an investment <br />multiplied by the net selling price of the security as quoted by a recognized <br />market pricing source quoted on the valuation date. <br /> <br />(9) "Pooled' fund group" me:ms an internally created fund of an investing <br />entity in whieh one or more institutional accounts of the investing entity'are <br />invested. <br /> <br />(10) "Qualified .representative" means a person who holds a position with <br />a business org:miz:ltion, who is authorized to-act on behalf of the business,.,;:.- <br />or2:J.niz:ltion, :md who is one of the following: <br />- . - <br /> <br />" <br /> <br />. <br />