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<br />this subchapter if the mutual fund: <br /> <br />(1) is registered with and regulated by the Securities <br />and Exchange Commission; <br />(2) provides the investing entity with a prospectus and <br />other information required by the Securities Exchange Act of 1934 <br />(15 D.S.C. Section 78a et seq.) or the Investment Company Act of <br />1940 (15 D.S.C. Section 80a-1 et seq.); <br />(3) has a dollar-weighted average stated maturity of 90 <br />days or fewer; and <br />(4) includes in its investment obj ecti ves the <br />maintenance of a stable net asset value of $1 for each share. <br />(b) In addition to a no-load money market mutual fund <br />permitted as an authorized investment in Subsection (a), a no-load <br /> <br />mutual fund is an authorized investment under this subchapter if <br /> <br />the mutual fund: <br /> <br />(1) is registered with the Securities and Exchange <br /> <br />Commission; <br /> <br />(2) has an average weighted maturity of less than two <br /> <br />years; <br /> <br />(3) is invested exclusively ln obligations approved by <br /> <br /> <br />this subchapter; <br /> <br /> <br />(4) is continuously rated as to investment quality by at <br /> <br /> <br />least one nationally recognized investment rating firm of not less <br /> <br /> <br />than AAA or its equivalent; and <br /> <br />Page -26 - <br /> <br />~T <br />