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<br />oS 2256.021. Effect of Loss of Required Rating <br /> <br />An investment that requires a minimum rating under this subchapter does not qualify as an authorized investment <br />during the period the investment does not have the minimum rating. An entity shall take all prudent measures that <br />are consistent with its investment policy to liquidate an investment that does not have the minimum rating. <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, S 1, efT. Sept. 1, 1995. <br /> <br /><General Materials (GM) - References, Annotations, or Tables> <br /> <br />oS 2256.022. Expansion ofInvestment Authority <br /> <br />Expansion of investment authority granted by this chapter shall require a risk assessment by the state auditor or <br />performed at the direction of the state auditor. <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, S 1, efT. Sept. 1, 1995. <br /> <br /><General Materials (GM) - References, Annotations, or Tables> <br /> <br />oS 2256.023. Internal Management Reports <br /> <br />(a) Not less than quarterly, the investment officer shall prepare and submit to the governing body of the entity a <br />written report of investment transactions for all funds covered by this chapter for the preceding reporting period. <br /> <br />(b) The report must: <br /> <br />(1) describe in detail the investment position of the entity on the date of the report; <br /> <br />(2) be prepared jointly by all investment officers of the entity; <br /> <br />(3) be signed by each investment officer of the entity; <br /> <br />(4) contain a summary statement, prepared in compliance with generally accepted accounting principles, of each <br />pooled fund group that states the: <br /> <br />(A) beginning market value for the reporting period; <br /> <br />(B) additions and changes to the market value during the period; <br /> <br />(C) ending market value for the period; and <br /> <br />(D) fully accrued interest for the reporting period; <br /> <br />(5) state the book value and market value of each separately invested asset at the beginning and end of the reporting <br />period by the type of asset and fund type invested; <br /> <br />(6) state the maturity date of each separately invested asset that has a maturity date; <br /> <br />(7) state the account or fund or pooled group fund in the state agency or local government for which each <br />individual investment was acquired; and <br /> <br />(8) state the compliance of the investment portfolio of the state agency or local government as it relates to: <br /> <br />(A) the investment strategy expressed in the agency's or local government's investment policy; and <br /> <br />Copr. ~ West 2001 No Claim to Orig. U.S. Govt. Works <br />