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<br />..,'.J~':';"~~':"i./Lf!ir.i'-';"Jl..'t~I.l~f:"!W1.'iI\~';i'J.\lilld~~'Ultd'~;rilkI:",~.u~,-.~tl~W.j'~~'~li~~~t~i:~;'\)l.\~furati'~~~~aJJ:J'~'U.":'i~i'~~;~::~Ii,"lf\fJL~j:;'~U'h..),~l,jk'\Jf(i;.1i4tirA;!i,/~~i1.).a')!}irI)j'i~""l'~~,...,.......,.,.....:,.~j <br /> <br />S 2256.011 <br /> <br />GOVERNME~'T CODE <br />Title 10 <br /> <br />Prior Laws: <br /> <br />Acts 198i, 70th Leg.. ch. 889. <br />Acts 1989. 71st Leg.. ch. 39. 9 1. <br />Acts 1989. 71st Leg., ch. 628.9 1. <br />Acts 1989, i1st Leg.. ch. 693, 9 4 <br /> <br />Acts 1989, 71st Lesr,. ch. 750. S 1. <br />Acts 1993. i3rd Le-2.. ch, 946. 9 1. <br />Yernon's Ann.Civ.St. an. 842a-2. S 2(a), (c). <br />Acts 1993, i3rd Leg.. ch, 268. 9 1. <br />Acts 1995. 74th Leg.. ch. 76. S 5.45(b), m. <br />Y.T.C.A.. Governm~nt Code 9 2256.008. <br /> <br />S 2256.012. Authorized Investments: Banker's Acceptances <br />A bankers' acceptance is an authorized investment under this subchapter if <br />the bankers' acceptance: <br />(1) h2S a stated maturity of 2iO days or fewer from the date of its issuance: <br />(2) will be, in accordance with its tenns, liquidated in full at maturity; <br />(3) is elig:ible for collateral for bOITowinsz from a Federal Reserve Bank; <br />- - <br /> <br />and <br /> <br />(4) is accepted by a bank organized and existing under the laws of the <br />United States or any state, if the shon-term obli2'2.tions of the bank, or of a <br />. - <br /> <br />bank holding company.of which the bank is the largest subsidial')', are rated <br />not less than A-lor P-l or an equivalent r2.ting by at least one nationally <br />recognized credit rating 3.gency. <br /> <br />Amended bv Acts 1995, 74th Lel!., ch. 402. S 1. eff. Sent. 1. 1995. <br />. - . <br /> <br />Acts 198i. iOth Leg.. ch. 889. <br />Acts 1989, i1st Leg.. ch. 39, 9 1. <br />Acts 1989. i1st Leg.. ch. 628. S 1. <br /> <br />Historical and Statutory Notes <br /> <br />Acts 1989. i 1st Lez., ch, 693, S 4. <br />Aci.S 1989, i 1st Le2.. ch. iSO. S .}. <br />Ve:71on's Ann.Ci\'.St. art. 842a-2. 9 2(a), (c). <br />.. Acts 1993. i3rd Le2.. ch. 26B. 9 1. <br />V.T.C.A.. Go\'ernme:1t Code 9 2256.009. <br /> <br />Prior Laws: <br /> <br />~ 2256.013. Authorized Investments: Commercial Paper <br /> <br />Commercial paper is an authorized investment under this subchapter if the <br />commercial paper: <br /> <br />(1) h2S a stated maturity of 270 days or fewer from the date of its issuance; <br />. . <br /> <br />and <br />(2) is rated not less than A-lor P-I or an eouivalent rating: bv at least: <br />. - . <br /> <br />(A) two nationally recognized credit rating agencies; or <br /> <br />(B) one nationally recognized credit rating agency and is fully secured by <br />an irrevocable letter of credit issued bv a bank or2:anized and existing: <br />. - - <br /> <br />under the laws of the United States or any state. <br />Amended by Acts 1995, 74th Leg., ch, 402. S 1. eff. Sept. 1. 1995. <br /> <br />Acts 19Si. iOth Leg.. ch. 889. <br />Acts 1989. ilst Leg.. ch. 39, S 1. <br />Acts 1989. ilst Leg.. ch. 623. S 1. <br /> <br />Historical and Statutory Notes <br /> <br />Acts 1989, i 1 st Le2:.. ch. 693. S 4. <br />Acts 1989, i1st Le2.. ch. i50. S 1. <br />Yernon's Ann.C-h'.Sl. an. 8423-2. S 2(a). <br />Acts 1993. i3rd Le!!.. ch. 268. 9 1. <br />V.lC.A.. Governmem Code 9 2256.010: <br /> <br />, --..........-- <br /> <br />Prior Laws: <br />