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<br />BONDS-COUNTY, MUNICIPAL, ETC.
<br />Title Z2
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<br />June 16, 1989: See. 2(b) amended by Acta 1989, 71at Leg., eh. 760, f I, eft. June 16, 1989; See. 8(d)
<br />amended by Acta 1989, 7lat Leg., eh. 760, f 2, eff. June 16, 1989: See. 6 amended by Acta 1989, 71a,t
<br />Lfg., eh. 628, f 2, eft. Aug. 28, 1989.
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<br />Hlatorleal Note
<br />Acta 1989, 71at Leg., eh. 628, f 6 provldea:
<br />
<br />"ThIa Act taltea eftect immediately, except
<br />that Subaectlon (d), Section 2, Public Funda III-
<br />veabnent Act of 1987 (Article 84.2&-2, Vernon'a
<br />Twa CIvIl Statutea), u added by Section 1 of
<br />thia Act, taltea effect: (1) Immediately with re-
<br />aped to inatitutiona of higher education: and (2)
<br />only if the conatitulblal amendment proposed
<br />by the 7llt Legislature, Regular Seaaion, 1989,
<br />[Sl.R. 69] authorizing local governmenta to in-
<br />veat their funda u provided by law is approved
<br />by the votera with respect to all other entitiea.
<br />U that amendment is not approved, Subaectlon
<br />(d) of Section 2 baa no effect for entitiea other
<br />than inatitutiona of higher education."
<br />
<br />Title of Act:
<br />
<br />An Act relating to the Inveatment of public
<br />funda. Acta 1987, 70th Leg., eh. 889.
<br />
<br />Art. 842a-2
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<br />Crime control and prevention districts, bolrd.
<br />may not Inveat lunda otherwiae than u lpecified
<br />by this article or art. 836 or 837, aee art. 237Oc-
<br />4, f 6.09.
<br />Navigation distrlcta, lnveatment of bond pro-
<br />eeeda, aee V.T.C.A. Water Code, f 60.347.
<br />PoUtica1lubdivialona group benefit! program,
<br />Investmenta, lee V.T.C.A. Local Government.
<br />Code, f 172.009. .
<br />Pnblie Funda Collateral Act, aee art. 2629d.
<br />Twa High-Spee4 Rail Authority, lnveatment
<br />of funda, aee art. 6674v.2, f 20.
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<br />Noles of Decl.lons
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<br />Validity
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<br />1. Validity
<br />Inaofar u this article purporta to authorize
<br />Crou lWerencea . Ill/ political corporationa and politica1lubdiviaiona to
<br />College and unlveralty funda, Inveatment ac- invest public funda in bank-orlented money mar-
<br />cording to this act, aee V.T.C.A. Education Code, ket mutual funda or other lecuritiea of private
<br />I 61.003(b). : entitie., it conflicts with article nI, aection 62, of
<br />County funda, Investmenta, lee V.T.C.A. Local the Tew Conatitution. Op.Atty.Gen.l988, No.
<br />Government Code, f 116.112. JM-976.
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