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but for investment, considering the probable safety of capital and <br />the probable income to be derived. Investment of funds shall be <br />governed by the following investment objectives, in order of <br />priority: <br />(1) preservation and safety of principal; <br />(2) liquidity; and <br />(3) yield. <br />(b) In determining whether an investment officer has <br />exercised prudence with respect to an investment decision, the <br />determination shall be made taking into consideration: <br />(1) the investment of all funds, or funds under the <br />entity's control, over which the officer had responsibility rather <br />than a consideration as to the prudence of a single investment; <br />and <br />(2) whether the investment decision was consistent with <br />the written investment policy of the entity. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995. <br />Sec. 2256.007. INVESTMENT TRAINING; STATE AGENCY BOARD <br />MEMBERS AND OFFICERS. (a) Each member of the governing board of a <br />state agency and its investment officer shall attend at least one <br />training session relating to the person's responsibilities under <br />this chapter within six months after taking office or assuming <br />duties. <br />Page -14 - <br />