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bond proceeds to be invested; and <br />(5) the provider must certify the administrative costs <br />reasonably expected to be paid to third parties in connection with <br />the guaranteed investment contract. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995; Acts 1997, 75th Leg., ch. 1421, Sec. 8, eff. Sept. 1, 1997; <br />Acts 1999, 76th Leg., ch. 1454, Sec. 9, 10, eff. Sept. 1, 1999. <br />Sec. 2256.016. AUTHORIZED INVESTMENTS: INVESTMENT POOLS. (a) <br />An entity may invest its funds and funds under its control through <br />an eligible investment pool if the governing body of the entity by <br />rule, order, ordinance, or resolution, as appropriate, authorizes <br />investment in the particular pool. An investment pool shall invest <br />the funds it receives from entities in authorized investments <br />permitted by this subchapter. <br />(b) To be eligible to receive funds from and invest funds on <br />behalf of an entity under this chapter, an investment pool must <br />furnish to the investment officer or other authorized <br />representative of the entity an offering circular or other similar <br />disclosure instrument that contains, at a minimum, the following <br />information: <br />(1) the types of investments in which money is allowed <br />to be invested; <br />(2) the maximum average dollar-weighted maturity <br />allowed, based on the stated maturity date, of the pool; <br />Page -29 - <br />