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<br />of the state auditor, subject to the legislative audit committee's <br /> <br />approval of including the review in the audit plan under Section <br />321.013. <br /> <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br /> <br /> <br />Amended by Acts 2003, 78th Leg., ch. 785, Sec. 42, eff. Sept. 1, <br /> <br />2003. <br /> <br />Sec. 2256.023. INTERNAL MANAGEMENT REPORTS. (a) Not less than <br /> <br /> <br />quarterly, the investment officer shall prepare and submit to the <br /> <br /> <br />governing body of the entity a written report of investment <br /> <br /> <br />transactions for all funds covered by this chapter for the <br /> <br /> <br />preceding reporting period. <br /> <br /> <br />(b) The report must: <br /> <br /> <br />(1) describe in detail the investment position of the <br /> <br /> <br />entity on the date of the report; <br /> <br /> <br />(2) be prepared jointly by all investment officers of <br /> <br /> <br />the entity; <br /> <br /> <br />(3) be signed by each investment officer of the entity; <br /> <br /> <br />(4) contain a summary statement, prepared in compliance <br /> <br /> <br />with generally accepted accounting principles, of each pooled fund <br /> <br /> <br />group that states the: <br />(A) beginning market value for the reporting <br /> <br />period; <br /> <br />(B) additions and changes to the market value <br /> <br />during the period; <br /> <br />Page -37 - <br />