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<br />but for investment, considering the probable safety of capital and <br />the probable income to be derived. Investment of funds shall be <br />governed by the following investment obj ecti ves, in order of <br /> <br />priority: <br /> <br />(1) preservation and safety of principal; <br />(2) liquidity; and <br />(3) yield. <br />(b) In determining whether an investment officer has <br />exercised prudence with respect to an investment decision, the <br /> <br />determination shall be made taking into consideration: <br /> <br />(1) the investment of all funds, or funds under the <br /> <br /> <br />entity's control, over which the officer had responsibility rather <br /> <br /> <br />than a consideration as to the prudence of a single investment; <br /> <br /> <br />and <br /> <br />(2) whether the investment decision was consistent with <br /> <br /> <br />the written investment policy of the entity. <br /> <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br /> <br /> <br />1995. <br /> <br />Sec. 2256.007. INVESTMENT TRAINING; <br /> <br />STATE AGENCY BOARD <br /> <br />MEMBERS AND OFFICERS. <br /> <br />(a) Each member of the governing board of a <br /> <br />state agency and its investment officer shall attend at least one <br /> <br />training session relating to the person's responsibilities under <br /> <br />this chapter within six months after taking office or assuming <br /> <br />duties. <br /> <br />Page -14 - <br />