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<br />not have a business relationship with the pool and are qualified to <br /> <br />advise the pool, for other investment pools. <br /> <br />(h) To maintain eligibility to receive funds from and invest <br />funds on behalf of an entity under this chapter, an investment pool <br /> <br />must be continuously rated no lower than AAA or AAA-m or at an <br /> <br />equi valent rating by at least one nationally recognized rating <br />service. <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br /> <br /> <br />1995; Acts 1997, 75th Leg., ch. 1421, Sec. 9, eff. Sept. 1, 1997. <br /> <br /> <br />Sec. 2256.017. EXISTING INVESTMENTS. An entity is not <br /> <br /> <br />required to liquidate investments that were authorized investments <br /> <br /> <br />at the time of purchase. <br /> <br /> <br />Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.46(a), eff. Sept. 1, <br /> <br /> <br />1995; Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br /> <br /> <br />Amended by Acts 1997, 75th Leg., ch. 1421, Sec. 10, eff. Sept. 1, <br /> <br />1997. <br /> <br />Sec. 2256.019. RATING OF CERTAIN INVESTMENT POOLS. A public <br /> <br />funds investment pool must be continuously rated no lower than AAA <br /> <br />or AAA-m or at an equivalent rating by at least one nationally <br /> <br />recognized rating service or no lower than investment grade by at <br /> <br />least one nationally recognized rating service with a weighted <br /> <br /> <br />average maturity no greater than 90 days. <br /> <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br /> <br /> <br />Amended by Acts 1997, 75th Leg., ch. 1421, Sec. 11, eff. Sept. 1, <br /> <br />Page -33 - <br />