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(C) deposited at the time the investment is made <br />with the entity or with a third party selected by or approved by <br />the investing entity; <br />(5) a loan made under the program must be placed <br />through: <br />(A) a primary government securities dealer, as <br />defined by 5 C.F.R. Section 6801.102(f), as that regulation existed <br />on September l, 2003; or <br />(B) a financial institution doing business in this <br />state; and <br />(6) an agreement to lend securities that is executed <br />under this section must have a term of one year or less. <br />Added by Acts 2003, 78th Leg., ch. 1227, Sec. 1, eff. Sept. 1, <br />2003. <br />Sec. 2256.012. AUTHORIZED INVESTMENTS: BANKER'S ACCEPTANCES. <br />A bankers' acceptance is an authorized investment under this <br />subchapter if the bankers' acceptance: <br />(1) has a stated maturity of 270 days or fewer from the <br />date of its issuance; <br />(2) will be, in accordance with its terms, liquidated in <br />full at maturity; <br />(3) is eligible for collateral for borrowing from a <br />Federal Reserve Bank; and <br />(4) is accepted by a bank organized and existing under <br />Page -24 - <br />. . ......,_._~.....a...... . . . . . ..._.T........ , <br />