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<br />. "','::>.':.,:.'",:'
<br />
<br />~ 2256.101
<br />
<br />, ( 'VERNMENT. CODE. ,'. '
<br />Tide 10' ' . .
<br />
<br />.d (3) direct obligations of or participation certificates guaranteed. by: ' ':
<br />" ..(A) a farm credit bank;,: ''', .,,",1: ;',1
<br />(B) the Federal National Mortgage Association; .' ...' ,," . I" ..."
<br />(C) a federal horne loan bank; or .' . ",.1 ',::',1'
<br />(D) a bank for cooperatives;
<br />(4) certificates of deposit of a bank ortfustcompany, the deposits of which
<br />are fully secured by a pledge of securities described by Subdivisions' or
<br />through (3); , , " . ", " .
<br />. ' I . . , . ; : i ! . i Ii. ( ~ ';.; .
<br />(S) other securities rnade eligible for investrnent by other law or the
<br />constitution; or
<br />.. . , -, "'\ ".,.'.' ",'
<br />(6) a ,cornbination of securities described bySubdivisioi1s (1) thrcitigli'{S):'
<br />
<br />: : (6) 'The 'board or'agency 'shall' Clirect the applicatlonof incon{e : ftolfrti 'invi~t~.
<br />mentsi'un1der'tHis":secti8n. '!(l' ~;i,' ,."',;'" \jl',:.: i .' ";i '." ;t'.'~:'I"I,'\1 ,l:~.! ';':.1.::<..','1 n>:D!.J,,'" h
<br />'f,', ,,:~ " .: ,!'l~ "\I':~ 1:. '].';) t.i,l) <,'; n(1
<br />Added by Acts 1993, 73rd Leg., ch. 268,9 1, eff. Sept. I, 1993,.
<br />.' ' '\' '. ; I 1 ...' I .;.; ,:.,' , . '.~ :; ;.' \ ". ' ; ':\, /, ';:! f)..~ '.:i \ t.,
<br />
<br />Historical and Statutory Notes
<br />.' .,', ',' " . ,.'~'.'" :' .1 . " ",,'_!,'
<br />
<br />'..1
<br />
<br />Prior Laws:
<br />
<br />.; '.' \,~, ,.1 '!i " ; .~ " J
<br />
<br />.' ....
<br />
<br />Acts 1967, 60th Leg., p. 915, ch. 401.
<br />. Vernon's Ann.Civ.St. art. 6252-5a, S 1.
<br />
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<br />
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<br />
<br />~ 2256.102. Payment for Securities Purchased by State:
<br />
<br />':.;\'''. :":;'. ;',1
<br />
<br />The cornptroller, the state treasurer, or the disbursing officer ofanag'ericy
<br />that has the power to invest ass'ets directly rnay pay for authorized'securities
<br />. purchased from or through:,u 'member in good standing ofthe'iNational
<br />Association of Securities Dealers or frorn or through a national orstate bank.on..
<br />receiving an invoice frorn the seller of the securities showing that the securities
<br />have been purchased by the board or\agency and,thatthe arnount to be paid for !'
<br />the. securities is just, due, and unpaid. ",>,;1 ':.';'i'(' i,
<br />,I' 'i. 1\-'\"'/ .,":'1:1. .-:.\"__'i\
<br />
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<br />
<br />Added by Acts 1993, 73rd Leg" ch. 268, 9 I, efL Sept. 1, 1993. ".
<br />
<br />'. ).':" ;', ' \'H,II '.l~: \/
<br />
<br />....
<br />
<br />Prior Laws:
<br />Acts 1967, 60th Leg., p. 915, ch. 401.
<br />
<br />Historical and Statutory Notes .... , ,
<br />
<br />Acts 1979, 66th Leg., p. 310,ch. 143, S 1.
<br />Vernon's Ann.Civ.St. art. 6252-5a, S 2.
<br />
<br />
<br />\. ','.
<br />
<br />i' /,'
<br />~ 2256.103. Delivery of Securities Purchased by State
<br />
<br />..".,"'"
<br />
<br />A security purchased under Section 22S6.102 rnay be delivered to the state
<br />treasurer, a bank, 'or the board or agency investing its fUrids.':The deli-very shall
<br />be made, under normal and recognized practices ,in 'theseci.tdti~s' and' ,bankirig:
<br />. . " ,., .;', ' ..' 'I' , !; .,. " 'j' , . '."'" . ': "', r \ I tr',,, I " I I ~ _I .' " I
<br />industries, including the book entry' 'procedure of the' FeaeralReserve 'Bank '
<br />',HU "/,-".1' n;:.'>r!'.'.~"!:f'.;/';,~:', .,".j:: 1''")1\'\'.'1'' l.ff' <.,;'::!.,<~:~l:,d',; i.; ll::""!'~'-';": '~t1j' :.-fj":',l:j{:::;dd{) \:~.} '.d.'>
<br />
<br />Added by Acts 1993, 73rd Leg., ch. 268, 9 1, eff.Sept. 1, 1993.,';tI:.:;~ I,jltiill
<br />
<br />322
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