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<br />V.T.eA.. Government Code & 2256.008. <br /> <br />LIBRARY REFERENCES <br />2000 Main Volume <br /> <br />Municipal Corporations €;;;;;> 884. <br />States €;;;;;> 124. <br />WESTLA W Topic Nos. 268, 360. <br />C.J.S. Municipal Corporations ~ 1881. <br />c.J.S. States ~ 225. <br /> <br />& 2256.012. Authorized Investments: Banker's Acceptances <br /> <br />A bankers' acceptance is an authorized investment under this subchapter if the bankers' acceptance: <br /> <br />(1) has a stated maturity of 270 days or fewer from the date of its issuance; <br /> <br />(2) will be, in accordance with its terms, liquidated in full at maturity; <br /> <br />(3) is eligible for collateral for borrowing from a Federal Reserve Bank; and <br /> <br />(4) is accepted by a bank organized and existing under the laws of the United States or any state, if the short-term <br />obligations of the bank, or of a bank holding company of which the bank is the largest subsidiary, are rated not less <br />than A-lor P-1 or an equivalent rating by at least one nationally recognized credit rating agency. <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, ~ I, eff. Sept. 1, 1995. <br /> <br /><General Materials (GM) - References, Annotations, or Tables> <br /> <br />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br /> <br />Prior Laws: <br />Acts 1987, 70th Leg., ch. 889. <br />Acts 1989, 7IstLeg.,ch. 39, ~ 1. <br />Acts 1989, 71st Leg., ch. 628, ~ 1. <br />Acts 1989, 71st Leg., ch. 693, ~ 4. <br />Acts 1989, 71st Leg., ch. 750, ~ 1. <br />Vernon's Ann.Civ.St. art. 842a-2. & 2(a), (c). <br />Acts 1993, 73rd Leg., ch. 268, ~ 1. <br />V.T.C.A.. Government Code & 2256.009. <br /> <br />LIBRARY REFERENCES <br />2000 Main Volume <br /> <br />Municipal Corporations €:= 884. <br />States €;;;;;> 124. <br />WESTLA W Topic Nos. 268, 360. <br />c.J.S. Municipal Corporations ~ 1881. <br />C.J.S. States ~ 225. <br /> <br />& 2256.013. Authorized Investments: Commercial Paper <br /> <br />Copr. @West2001 No Claim to Orig. U.S. Govt. Works <br />