Laserfiche WebLink
<br />VERNON'S TEXAS STATUTES AND CODES ANNOTATED <br />GOVERNMENT CODE <br />TITLE 10. GENERAL GOVERNMENT <br />SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT <br />CHAPTER 2256. PUBLIC FUNDS iNVESTMENT <br />SUBCHAPTER A. AUTHORIZED INVESTMENTS FOR GOVERNMENTAL ENTITIES <br /> <br />Copr. @ West Group 2000. All rights reserved. <br /> <br />Current through End of 1999 Reg. Sess. <br /> <br />* 2256.001. Short Title <br /> <br />This chapter may be cited as the Public Funds Investment Acl. <br /> <br />Amended by Acts 1995, 74th Leg., ch. 402, ~ I, eff. Sept. I, 1995. <br /> <br /><General Materials (OM) - References, Annotations, or Tables> <br /> <br />REVISOR'S NOTE <br />2000 Main Volume <br /> <br />The source law refers to 1987, the year in which the source law was enacted. The revised law omits this reference <br />as executed and because the source law has been amended since 1987. <br /> <br />HlSTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br /> <br />Sections 6, 9, and II of the 1995 amendatory act provide: <br /> <br />"Sec. 6. As provided by Section 1.02, Senate Bill No. 959, Acts of the 74th Legislature, Regular Session, 1995, this <br />Act controls over Senate Bill No. 959 to the extent of any conflict." <br /> <br />"Sec. 9. The state auditor shall conduct, or shall hire an independent evaluator to conduct, an assessment of the risks <br />and benefits associated with authorizing entities subject to this chapter to invest in mutual funds other than money <br />market mutual funds, investment pools other than investment pools that function as money market mutual funds, and <br />guaranteed investment contracts. The state auditor shall report these findings to the legislature not later than <br />September 1, 1996. This section expires on September 2, 1996." <br /> <br />"Sec. 11. An entity that acquired authorized investment securities under Chapter 2256, Government Code, before <br />the effective date of this Act that are no longer authorized investment securities under that chapter as amended by <br />this Act is not required by this Act to liquidate those securities before the final stated maturity of the investmenl." <br /> <br />Prior Laws: <br />Acts 1987, 70th Leg., ch. 889. <br />Vernon's Ann.Civ.SI. arl. 842a-2. * 1. <br />Acts 1993, 73rd Leg., ch. 268, ~ 1. <br />V.T.eA.. Government Code * 2256.001. <br /> <br />NOTES OF DECISIONS <br /> <br />Delegation of authority 2. <br />Validity 1 <br /> <br />Copr. @West2oo1 No Claim to Orig. U.S. Govl. Works <br /> <br />EXHIBIT A I <br />