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(2) an entity created under Chapter 392, Local <br />Government Code; or <br />(3) an entity created under Chapter 394, Local <br />Government Code. <br />Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br />Sec. 2256.025. SELECTION OF AUTHORIZED BROKERS. The governing <br />body of an entity subject to this subchapter or the designated <br />investment committee of the entity shall, at least annually, <br />review, revise, and adopt a list of qualified brokers that are <br />authorized to engage in investment transactions with the entity. <br />Added by Acts 1997, 75th Leg., ch. 1421, Sec. 13, eff. Sept. 1, <br />1997. <br />Sec. 2256.026. STATUTORY COMPLIANCE. Al1 investments made by <br />entities must comply with this subchapter and all federal, state, <br />and local <br />statutes, <br />rules, <br />or regulations. <br />Added by <br />Acts 1997, <br />75th <br />Leg., ch. 1421, Sec. 13, eff. Sept. l, <br />1997. <br />SUBCHAPTER B. MISCELLANEOUS PROVISIONS <br />Sec. 2256.051. ELECTRONIC FUNDS TRANSFER. Any local <br />government may use electronic means to transfer or invest all funds <br />collected or controlled by the local government. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995. <br />Sec. 2256.052. PRIVATE AUDITOR. Notwithstanding any other <br />Page -40 - <br />7 <br />