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exercised prudence with respect to an investment decision, the <br />determination shall be made taking into consideration: <br />(1) the investment of all funds, or funds under the <br />entity's control, over which the officer had responsibility rather <br />than a consideration as to the prudence of a single investment; and <br />(2) whether the investment decision was consistent <br />with the written investment policy of the entity. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995. <br />Sec. 2256.007. INVESTMENT TRAINING; STATE AGENCY BOARD <br />MEMBERS AND OFFICERS. (a) Each member of the governing board of a <br />state agency and its investment officer shall attend at least one <br />training session relating to the person's responsibilities under <br />this chapter within six months after taking office or assuming <br />duties. <br />(b) The Texas Higher Education Coordinating Board shall <br />provide the training under this section. <br />(c) Training under this section must include education in <br />investment controls, security risks, strategy risks, market risks, <br />diversification of investment portfolio, and compliance with this <br />chapter. <br />(d) An investment officer shall attend a training session <br />not less than once in a two-year period and may receive training <br />from any independent source approved by the governing body of the <br />state agency. The investment officer shall prepare a report on this <br />subchapter and deliver the report to the governing body of the state <br />agency not later than the 180th day after the last day of each <br />regular session of the legislature. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, <br />1995; Acts 1997, 75th Leg., ch. 73, Sec. 1, eff. May 9, 1997; Acts <br />1997, 75th Leg., ch. 1421, Sec. 4, eff. Sept. 1, 1997; Acts 1999, <br />76th Leg., ch. 1454, Sec. 5, eff. Sept. l, 1999. <br />Sec. 2256.008. INVESTMENT TRAINING; LOCAL GOVERNMENTS. <br />(a) Except as provided by Subsections (b) and (e), the treasurer, <br />the chief financial officer if the treasurer is not the chief <br />10 <br />