Laserfiche WebLink
<br />--.,"-' <br /> <br />GE~ERA.L GUvIR..~~lE~T <br />Ch. 2256 <br /> <br />local government, or investment pool as investment officer to be responsible for <br />the investment of its funds consistent with the investment policy adopted by the <br />entity. Authority granted to a person to invest an entity's funds is effective until <br />rescinded by the investing entity or until termination of the person's employ- <br />ment by the investing entity. In the administration of the duties of an <br />investment officer, the person designated as investment officer shall exercise <br />the judgment and care, under prevailing circumstances, that a prudent person <br />would exercise in the management of the person's own affairs, Unless autho- <br />rized by law, a person may not deposit, withdraw, transfer, or manage in any <br />other manner the funds of the investing entity. <br /> <br />(g) Subsection (D does not apply to a state agency, local government, or <br />investment pool for which an officer of the entity is assigned by law the <br />function of investinp: its funds. <br />'" <br /> <br />Te;rt of subsec. (h) as amended by Acts 1997, 75th Leg., ch. 685,9 1 <br /> <br />S 2256.005 <br /> <br />., <br />... <br />