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<br />(B) relevant provisions of this chapter. <br /> <br />(c) The report shall be presented not less than quarterly to the governing body and the chief executive officer of the <br />entity within a reasonable time after the end of the period. <br /> <br />(d) If an entity invests in other than money market mutual funds, investment pools or accounts offered by its <br />depository bank in the form of certificates of deposit, or money market accounts or similar accounts, the reports <br />prepared by the investment officers under this section shall be formally reviewed at least annually by an independent <br />auditor, and the result of the review shall be reported to the governing body by that auditor. <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, ~ 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 1421, ~ 12, <br />eff. Sept. 1, 1997. <br /> <br /><General Materials (GM) - References, Annotations, or Tables> <br /> <br />mSTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br /> <br />Acts 1997, 75th Leg., ch. 1421, in subsec. (b), in subd. (4), inserted ", prepared in compliance with generally <br />accepted accounting principles,", added par. (D), and made other nonsubstantive changes; and added subsec. (d). <br /> <br />For application provisions of Acts 1997, 75th Leg., ch. 1421, see notes following V.T.C.A.. Government Code & <br />2256.002. <br /> <br />Prior Laws: <br />Acts 1979, 66th Leg., p. 2071, ch. 810. <br />Vemon's Ann.Civ.St. art. 4413(34c). & 4. <br />Acts 1993, 73rd Leg., ch. 268, ~ 1. <br />V.T.CA. Government Code & 2256.057. <br /> <br />& 2256.024. Subchapter Cumulative <br /> <br />(a) The authority granted by this subchapter is in addition to that granted by other law. Except as provided by <br />Subsection (b), this subchapter does not: <br /> <br />(1) prohibit an investment specifically authorized by other law; or <br /> <br />(2) authorize an investment specifically prohibited by other law. <br /> <br />(b) Except with respect to those investing entities described in Subsection (c), a security described in Section <br />2256.009(b) is not an authorized investment for a state agency, a local government, or another investing entity, <br />notwithstanding any other provision of this chapter or other law to the contrary. <br /> <br />(c) Mortgage pass-through certificates and individual mortgage loans that may constitute an investment described in <br />Section 2256.009(b) are authorized investments with respect to the housing bond programs operated by: <br /> <br />(1) the Texas Department of Housing and Community Affairs or a nonprofit corporation created to act on its <br />behalf; <br /> <br />(2) an entity created under Chapter 392, Local Government Code; or <br /> <br />(3) an entity created under Chapter 394, Local Government Code. <br /> <br />Added by Acts 1995, 74th Leg., ch. 402, ~ 1, eff. Sept. 1, 1995. <br /> <br />Copr. (g West 2001 No Claim to Orig. U.S. Govt. Works <br />