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fewer than five full-time employees is not required to attend <br />training required by this section unless the person is also the <br />investment officer of the entity. <br />(c) Training under this section must include education in <br />investment controls, security risks, strategy risks, market risks, <br />diversification of investment portfolio, and compliance with this <br />chapter. <br />(d) Not later than December 31 each year, each individual, <br />association, business, organization, governmental entity, or other <br />person that provides training under this section shall report to <br />the comptroller a list of the governmental entities for which the <br />person provided required training under this section during that <br />calendar year. An individual's reporting requirements under this <br />subsection are satisfied by a report of the individual's employer <br />or the sponsoring or organizing entity of a training program or <br />seminar. <br />(e) This section does not apply to a district governed by <br />Chapter 36 or 49, Water Code. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995; Acts 1997, 75th Leg., ch. 1421, Sec. 5, eff. Sept. 1, 1997; <br />Acts 1999, 76th Leg., ch. 1454, Sec. 6, eff. Sept. l, 1999; Acts <br />2001, 77th Leg., ch. 69, Sec. 4, eff. May 14, 2001. <br />Sec. 2256.009. AUTHORIZED INVESTMENTS: OBLIGATIONS OF, OR <br />GUARANTEED BY GOVERNMENTAL ENTITIES. (a) Except as provided by <br />Page -17 - <br />