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<br />~2256.054
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<br />-;OVERNMENT: .conE,;..
<br />"Title ,,-10'
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<br />Hlstoricaland 'Statutory, Notes' " ' ", ,
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<br />Vernon's Ann.Civ.St.art. 4413(34c),dig 2(b),;'
<br />3(a)' " '. :"",;, " "
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<br />Prior Laws:
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<br />Acts 1979, 66tH Leg., p. 2071, ch. 810.
<br />Acts 1989, 71st Leg., ch. 693, 992, '3.
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<br />Person responsible 1 '
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<br />Notcs of Dcclslons
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<br />surer to invest those funds in ac~6rdaflce~ith:,
<br />Public, Funds Investment Act.' Op.Atty.Gen.
<br />1992, No. nlVl-96." ' :."..
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<br />i. ' Perso'; responsible'
<br />Commissioners court may designate which
<br />county funds are to be invested and direct trea-
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<br />~ 2256.055. Express Authority Required
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<br />A person may not deposit, withdraw, invest, transfer, or rnanage in any: other
<br />maruler local funds bfa'state agency or political subdivision without,dpress
<br />written authority of the governing body or chief executive officer of the. agency 'i.
<br />or subdivision. ' , , . ,'.,' ,:', '",>" :'"
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<br />, Added by Acts 1993, 73rd Leg., ch. 268, 9 I, err. Sept. 1, 1993. ,
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<br />Historical and Statutory Notcs "
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<br />Prior' Laws:
<br />Acts 1979, 66th Leg., p. 2071, ch. 810.
<br />Vernon's' Ann.Civ.St. art. 4413(34c), 9 3(b).
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<br />S 2256.056. Legal Title I'n Investment Pool
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<br />A political subdivision'by:contract.rnay delegate to an.i~vestmentpool the!
<br />authority to hold legal title as custodian of investrnents purchased with its local I:
<br />funds. ,,',' ,,'
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<br />Added by Acts 1993;73rd~eg., ch.268; 9 I,err. Sept. I, 1993.,.'"
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<br />Historical and Statutory Notes
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<br />Prior Laws: ," Acts 1989, 71st Leg.; ch.,693,,9,2; '\
<br />Acts 1979, 66th Leg" p. 2071, ch. 81'0. Vernon', Ann.Civ.St. art 4413(34c)~ g' 6(b).
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<br />S 2256.057. Internal'Management Reports
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<br />(a) At least ahmially, the investrnent officer of a state agency or political;
<br />subdivisionshaUprepare a written report of the agency'sor'subdivision's local
<br />funds 'investment transactions'for the preceding'year. ' " '. ':..."' i'I'
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<br />(b) The report rnust: , ," , ,,' ,', .,
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<br />, (1) describe in detail the investmentpositiori' ,'of theagency'orsubdivisi6n ,
<br />, orlthe date bf the report; . ,,'.' , "', ',', ,'" ""I ,",' .\: "'.',
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<br />" (2)' be prepared' jointly by all investrnent officers of the agency, :or, subdivi- ",
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