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<br />~<';"<""""'-i....~~ ,. <br /> <br />,. . "'''~hiMlMdH..~':~'~iA~~iM~~L1~t!~lJt&:'iIS~',~~, ';'''iWo>''~''''';:'o.l~ <br /> <br />GENERAL GOVERNMENT <br />Ch. 2256 <br /> <br />Vernon's Ann.Civ.SL an. 6252-Sa, 9 2. <br />Acts 1993. 73rd Leg.. ch. 268. 9 1. <br />V.T.C.A.. Government Code 9 2256.103. <br /> <br />~~ 2256.057 to 2256.059 <br />Deleted <br /> <br />~ 2256.055. Deposit of Securi~es Purchased by State <br /> <br />At the direction of the comptroller or the agency, a security purchased unde:- <br />this chapter may be deposited in trust with a bank or federal reserve bank or <br />branch designated by the comptroller, whether in or outside the state. The <br />deposit shall be held in the entity's name as evidenced by a trust receipt of the <br />bank with which the securities are deposited. <br />. <br /> <br />Arne!lded by AC!5 1995, i4th Leg., ch. 402, 9 1, eff. Sept. 1. 1995; ActS 199i, iSm Leg.. <br />ch. 1423,9 8.69, eff. SeD!. 1, 199i. ' <br />. <br /> <br />Historical and Statutory Notes <br /> <br />Acts 199i. iSth Lel!.. ch. 1423 made coniorm. <br />in2: ame:1drnents to -reRect the abolishment of <br />the office of the state tre2.Sure:. <br /> <br />ACiS 19i9, 66th Leg., p. 310. ch. 143. S 2. <br />V . A C' S ,.,..,. ~ ~ <br />ernon s Ann. IV. L art O_~_-;:):l. ::I ). <br />Acts 1993. i3rd Leg.. ch. 26S. S 1. <br />VTC~G C'!;??::;'10" <br />. . .."\., nvernrne:lt oce:l ___ o. -. <br /> <br />P:ior uws: <br />Acts 196i, 60th L~g.. p. 915. ch. 401. <br />'* <br /> <br />S 2256.056. Comoliance With Other Laws <br />.. <br /> <br />Notwithstanding any other law, a municipality with a population of less t..~2...T) <br />50,000 may not issue for any purpose or cause to be issued in its behalf any <br />installment sale obligation or lease-purchase obligation having the principc.l <br />amount of S 1 million or more without complying with the provisions of Section <br />3.002, Chapter 53, Acts of the 70th Legislature, 2nd Called Session, 1987 <br />(Article 717k-S, Vernon's Texas Civil Statutes), re2:ardless of whethe:- the <br />'"' <br /> <br />obligation was issued individually or in a series of related transactions, or <br />whether the obli2:ation was issued with no recourse to the local !!ovemme!lt. <br />'"' '"' <br /> <br />Added by Acts 199i, iSm Leg., ch. 1421, S' 14, en. Sept. 1, 199i. <br />. - . <br /> <br />Historical and Statutory Notes <br /> <br />For appliotion provisions of Acts 1997, 75th <br />Leg., ch. 1421. see notes following V.le)..., <br />Governme:lt Code S 2.256.002. <br /> <br />99 2256.05i to 2256.059. Deleted by Acts 1995, 74th leg., ch. 402, S 1, <br />eff. Sept 1,1995, <br /> <br />[Sections 2256.060 to 2256.1 00 reserved for expansion] <br /> <br />.-- <br />