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under authority of this subsection may not be for a term longer <br />than two years. A renewal or extension of the contract must be <br />made by the governing body of the investing entity by order, <br />ordinance, or resolution. <br />(c) This chapter does not prohibit an investing entity or <br />investment officer from using the entity's employees or the <br />services of a contractor of the entity to aid the investment <br />officer in the execution of the officer's duties under this <br />chapter. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. l, eff. Sept. l, <br />1995; Acts 1999, 76th Leg., ch. 1454, Sec. 2, eff. Sept. l, 1999. <br />Sec. 2256.004. APPLICABILITY. (a) This subchapter does not <br />apply to: <br />(1) a public retirement system as defined by Section <br />8 0 2 . 0 0 1 ; <br />(2) state funds invested as authorized by Section <br />4 0 4 . 0 2 4 ; <br />(3) an institution of higher education having total <br />endowments of at least $95 million in book value on May l, 1995; <br />(4) funds invested by the Veterans' Land Board as <br />authorized by Chapter 161, 162, or 164, Natural Resources Code; <br />(5) registry funds deposited with the county or district <br />clerk under Chapter 117, Local Government Code; or <br />(6) a deferred compensation plan that qualifies under <br />Page -5 - <br />