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<br />GENERAl GOVER'iME~" <br />Ch. 2256 <br /> <br />(4) an investment pool acting on behalf of two or more local governments, <br />st:lte agencies, or a combination of those entities. <br /> <br />9 2256.005 <br /> <br />Amended by Acts 1995, i4th Leg., ch, 402, 9 1, eff. S~;)t. 1. 1995. <br /> <br />Prior uws: <br />Aets 198i. iOth Le:;.. en. 889. <br />Acts 1989, i1st Leg.. ch, 39. 9 1. <br />Aets 1989. i1st Leg.. eh. 628. ~S 1. 2. <br />Aets 1989. i 1st Leg.. e~. 693. 9 4. <br /> <br />Historic:ll and Statutory Notes <br /> <br />Acts 1989. i1st Leg., ch, 750.9 1. <br />Ve:-:lon's Ann.Civ.St. ~. 84230-2, ~S 2(a), <br />5(a). <br />A 109~ -~'L . ')'8~1 <br />c~ , ). IJra eg.. en. _0 .:s . <br />V.T.C.A.. Gove:nme:lt Code S 2156.003. <br /> <br />9 2256.004. Applicability <br /> <br />This subchapte~ does not apply to: <br /> <br />(1) a public retire:nent system as defined by Section 802.001; <br />(2) state funds invested as authorized by Section 404.024; <br /> <br />(3) an institution of higher education having total e:J.dowme:lts of at le2.S~ <br />S95 million in book value on N1a.y 1, 1995; <br /> <br />(4) funds invested by the Veterans' Land Board as authorized by Chapte:- <br />161, 162, or 164, Natural Resources Code; or <br /> <br />Te;ocr of subd. (5) as added by Acrs 199i, i5rh Leg., eh. 505, ~ 24 <br /> <br />(5) registry funds deposited with the county or district de:-k under Chapte:- <br />11 i, Local Gove:nmem Code. <br /> <br />Te.-ocr of subd. (5) as added by Acts 1997, i5rh Leg., ch. 1421, & 2 <br /> <br />" <br /> <br />(5) a deferred compe:lsation plan that qualifies under eithe:- Section 401 (k) <br />or 45i of the Inte~al Reve:lue Code of 1986 (26 V.S.C. Section 1 et seq,.), as <br />amended. <br /> <br />Amended by Acts 1995, 74th Leg., en. 402. S 1. eff. Se:)t. 1, 1995; Ac:.s 1997, 75th Leg.. <br />ch. 505, 9 24, eff. S~~t.1.1997; ActS 199i, i5th Leg., eh. 1421. 9 2. eft. Sept 1. 1997. <br /> <br />Historical and Statutory Notes <br /> <br />Ae:.s 199i. i5m Leg.. 6. 50S, added subd. (5). Prior Laws: <br />Acts 199i, iSm Leg., ch. 1421 added subd. <br />(5), and made othe: nonsubsuntive changes. <br />For applie:loon provisions of Acts 199i. iSm <br />Le~.. eh. 1421. see notes followinr! V.T.C.A.. <br />Go;e:nme:n Code 9 2:56.002. - <br /> <br />Ae~ 198i. iOth Leg., eh. 839. <br />Ve:non's Ann.Civ.St. an. 842a-2. 9 6. <br />Ae:.s 1993. i3rd Leg.. e~. 268. 9 1. <br />V.T.C.A.. Gove:nme:n Code S 2156.016. <br /> <br />9 2256.005. Investment Policies; Investment Strategies; Investment Offi. <br />I <br /> <br />cer <br /> <br />(a) The governing body of an investing e:1tiry shall adopt by rule, ord~:-, <br />ordinance, or resolution, as appr.opriate, a v.rnne:l investme:lt policy regarding <br />the investment of its funds and funds W1der its control. <br /> <br />(b) The investment policies must: <br /> <br />..........~~.... <br />