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<br />GUVEl<NMhNT,:, \,;Uu.c.!, "
<br />Title .101
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<br />,..,~'(4).obligations 'of states, agencies, counties, citie~, and other political .
<br />subdivisions of any state havingbeen ratedastd':inve'stmentquality by a'.,
<br />nationally recognized investment, rating firm and having received" a
<br />reitlng' of not less thanA oritsequivalen't;": ' "',' ;', ,
<br />,,' I \ , .. ' '",. , .',: " . . '. i'. ., ; , '- \ ~'. _ , ..., _' ' . ' . , . '1'1 ,',' .... . . . . " . " '. ',' .
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<br />"(5) certificates of deposit o'issuedby stdte arid national, banks domi-
<br />ciled in this state that are:
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<br />. ' .' .. , .' ' .. ' , . . " , ~
<br />OrA) guaranteed or insured, by: the.Federai Deposit Insurance Corpora-
<br />, . ",' .
<br />tion,or its successor; or" '.' .' ' ,,' ,
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<br />"(B) secured by obligations that are described by.subdivisions 0)-:-(4)
<br />of this subsection, which are intended to include all direct federal agency ,
<br />, or instrumentality issued mortgage backed securities that have a market
<br />,value of not less than the principal ,amoimt 'of the certificates orih'dny
<br />other'manner arid amount provided by law fordliposits of the investing
<br />entities;' ' " , , , " ' " , , " .,,'. ' "
<br />,,; ,"
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<br />,:'(6), certificates of de 'posit issued by savings and loan, ,associations
<br />,domicUed in thisstate'that are: " '.',' :,: ,.."" '" ,
<br />" .1,. "...\ '. .... " .........,...,
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<br />'''(A) guaranteed or insured by"the Federal'Savings' andLoan'Irisur~'
<br />ante 'Corporatibn, or its s~icce'ssor; or ',' ' , .' , ' ,
<br />
<br />I,
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<br />"(B) secured by obligations that are described by Subdivisions (1}-(4)
<br />of this subsection, which are inteYlded, to inClude all direct federal agency
<br />or,instrimientality issuedrriortgage backed securities, that havea"market.
<br />valuepf not less ,than ,ihepriricip'al, amountoftne c"ertificaieso{ 1n.Oiiny, '
<br />other in'anneran4' amount provJded bY law for:,dejJosiis drth~ i,nve~ti!"g
<br />entities; , , .
<br />\. . ',' ,.' ,. .
<br />:,."(?)prime domestic banke;'siacceptdnc~s; " :'" ,. "~'I,: "
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<br />"(8) commercial paperwitn' a stated mati/rityof 270 days' 'dr less from'
<br />the,date of its issuance thateither:": ,,':':,', " :'" ;,,;, :.,',",
<br />
<br />:, "(A) is rated no([ess thariA~l; P-l; or the equivalent by at least tWo
<br />nationallyrecog~izedcredit'r'atingagencies; 'or" , ,,:, ',,',
<br />.', " .'" . I I .'. ' '.' . . '. . ... . , .,; , ~ ' :' ': -,,' ,', ,', "
<br />, ~'(B) is rated at least . A-I,P-l, ,or .the' equivalent by at least oYfe,
<br />\ natio,!ally" recognized, credit rating; agency ,and is fully, secured, by ,an
<br />irrevocable letter,of credit issued, by a bank organized and,. existing under'
<br />the laws of the United States or, any state, thereof; and ,',,',' ' ,
<br />" : .", 1"
<br />, ''(9) fully c6Zlateralii~d repurchi:ise agreements having a definedterrYti-
<br />nation date, secured by obligations described by'Subdivision (1) of this
<br />subsection, pledged to, the, political, entity, and deposited 'with a: third
<br />party selected and approved by the political entity, and placed through ,a
<br />primary government securities dealer, as defined by the Federal ReserVe,
<br />or a bank domiciled in this 'state. ' '
<br />
<br />, "(b) In addition to theirivestments described by Subsection ,(a) of this
<br />section, an'. institution of high en education ,as defined bY'Section'oAD03
<br />bf.'theBducatiori Code'mdy,'in',:'accordance ,with" this" Act/purchase,1 ~ell,:
<br />,', and, invest its funds , and funds under its; control" in,~lthbfollowirig:! '
<br />30'8',
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<br />. '......,... ",'-"~"""~-.-'- .....:.:--..,.:.'.':'~...........-P'~--.--~-.
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