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<br />with the guaranteed investment contract. <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, ~ I, eff. Sept. I, 1995; Acts 1997, 75th Leg., ch. 1421, ~ 8, eff. Sept. I, <br />1997; Acts 1999, 76th Leg., ch. 1454, ~~ 9, 10, eff. Sept. 1, 1999. <br /> <br /><General Materials (GM) - References, Annotations, or Tables> <br /> <br />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br /> <br />Acts 1997, 75th Leg., ch. 1421, in the section heading, inserted "for State Agencies". <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 />Acts 1999, 76th Leg., ch. 1454, in the section heading, following "Investments" deleted "for State Agencies"; and <br />in subsec. (a), in the introductory paragraph, following "investment", deleted "for state agencies". <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 />~ 2256.016. Authorized investments: Investment Pools <br /> <br />(a) An entity may invest its funds and funds under its control through an eligible investment pool if the governing <br />body of the entity by rule, order, ordinance, or resolution, as appropriate, authorizes investment in the particular <br />pool. An investment pool shall invest the funds it receives from entities in authorized investments permitted by this <br />subchapter. <br /> <br />(b) To be eligible to receive funds from and invest funds on behalf of an entity under this chapter, an investment <br />pool must furnish to the investment officer or other authorized representative of the entity an offering circular or <br />other similar disclosure instrument that contains, at a minimum, the following information: <br /> <br />(I) the types of investments in which money is allowed to be invested; <br /> <br />(2) the maximum average dollar-weighted maturity allowed, based on the stated maturity date, of the pool; <br /> <br />(3) the maximum stated maturity date any investment security within the portfolio has; <br /> <br />(4) the objectives of the pool; <br /> <br />(5) the size of the pool; <br /> <br />(6) the names of the members of the advisory board of the pool and the dates their terms expire; <br /> <br />(7) the custodian bank that will safekeep the pool's assets; <br /> <br />(8) whether the intent of the pool is to maintain a net asset value of one dollar and the risk of market price <br />fluctuation; <br /> <br />Copr. 19 West 2001 No Claim to Orig. U.S. Govt. Works <br />