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<br />...---~.. <br /> <br />g 2256.006 <br /> <br />GOVER.'IMENT CODE <br />Title 10 <br /> <br />(2) whether the investment decision was consistent with the \\Tinen invest. <br />mem policy of the entity. <br /> <br />Amended by Acts 1995, i4th Leg., ch. 402, SI, eff. Sept. 1, 1995. <br /> <br />Historical and Statutory Notes <br /> <br />Prior Laws: Acts 1993, 73rd Leg.. ch. 268, S 1. <br />Acts 1979, 66th Leg.. p. 2071. ch. 810. Vernon's. Ann.eiv.St. ans. 8423-2, S 4; <br />Acts 1987, iOth Leg.. ch. 889. 4413(34c), S 6(a). <br />Acts 1989, i1si Leg.. ch. 693. S 2. V.T.e.A.. Government Code S 2256.005. <br /> <br />S 2256.00i. Investment Training; State Agency Board Members and Offi. <br />cers <br /> <br />(a) Each member of the f!oveminf! board of a state af!encY and its investment <br />'-' v .... .. <br /> <br />officer shall attend at least one training session relating to the person's <br />responsibilities under this chapter within six months after taking office or <br /> <br />. ,. <br />assummg aunes. <br /> <br />(b) The Texas Higher Education Coordinating Board shall provide the train. <br />ing UL10er this section. <br /> <br />(c) Trainin2: under this section must include education in investment con. <br />troIs, security. risks, srrate2V risks, market risks, and compliance with this <br />." --. . <br /> <br />chapter. <br /> <br />(d) An iLvesnnent officer shall attend a training session not less than once in <br />a rwo.year period and may receive training from a.T'lY independent source <br />approved by. t~e governing body of the state agency. The invesnnem officer <br />shall prepare :J. report on this subchapter and deliver the repon to the <br />~o\'ernin2: bodv of the state a2:ency not later than the 180th day after the last <br />w .... _ v ." .. <br /> <br />day of each rerular session of the leg:islature. <br />.... .. <br /> <br />Amended by Acts 1995, i4th Leg., ch. 402, S 1. eff. Sept. 1, 1995; Acts 1997, i5m Leg., <br />ch. i3, S 1, efL May 9,1997; Acts 1997, i5th Leg., ch. 1421. S 4, eff. Se?t. 1. 199i. <br /> <br />Historical and Statutory Notes <br /> <br />Section 7 of the 1995 amendatory act pro. <br />vides: <br /> <br />"Each member of a governing board and <br />t::lch investment officer who is in office or who <br />has assumed duties on September 1. 1995, and <br />who would be required by S~stion 2256.00i(aJ, <br />Goverrunent Coae. as amended bv this Act. to <br />ancnd investmc:'lt tr.lining within six months <br />aner cling office or ~suming duties shall at. <br />tend at leac;t one training session relating to the <br />person's responsibilities under Chapter 2256. <br />Government Code. that meets the requirements <br />of that section not later than March 1. 1996." <br /> <br />~', .... <br /> <br />Acts 199i. iSm Leg.. ch. i3 rev.TOl.e suosec. <br />(b), which previously read: <br />''The governor's office shall provide training <br />under this section for me=noers and offic~rs <br />othe:- than members and officers of an institu. <br />tion of hi!!he: education. The Texas Hil!ner <br />Education Coorciinating Boar9 shall provid; the <br />training for members and officers of institutions <br />of higher education." <br />Acts 1997, i5th Leg.. cn. 1421 addtd subsec. <br />(d). <br />For appliotion pro\isions of Acts 199i. i5t.h <br />Le!Z.. ch. 1421. see- notes followinl! V.le.A.. <br />Go~emment Coae S 2256.002. - <br /> <br />-- <br />