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Vernon's Ann.Civ.St. arts. 842a-2, $ 3(a) to (c), (e) to (g); 4413(34c), §
<br />6(b).
<br />Acts 1995, 74th Leg., ch. 76, § 5.45(e), (f).
<br />Acts 1995, 74th Leg., ch. 402, § 5.
<br />Acts 1993, 73rd Leg., ch. 268, § 1.
<br />V.T.C.A., Government Code 2256.013, 2256.056.
<br />LIBRARY REFERENCES
<br />2000 Main Volume
<br />C
<br />Municipal Corporations 884
<br />O
<br />States 124.
<br />WESTLAW Topic Nos. 268, 360.
<br />C.J.S. Municipal Corporations § 1881.
<br />C.J.S. States § 225.
<br />$ 2256.017. Existing Investments
<br />An entity is not required to liquidate investments that were authorized investments at the time of purchase.
<br />Added by Acts 1995, 74th Leg., ch. 76, § 5.46(a), eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1,
<br />1995. Amended by Acts 1997, 75th Leg., ch. 1421, § 10, eff. Sept. 1, 1997.
<br /><General Materials (GIV) - References, Annotations, or Tables>
<br />HISTORICAL AND STATUTORY NOTES
<br />2000 Main Volume
<br />Acts 1995, 74th Leg., ch. 76, § 5.46(a), to conform to Acts 1993, 73rd Leg., ch. 946, § 1, added § 2256.017. That
<br />provision did not take effect pursuant to Acts 1995, 74th Leg., ch. 402, § 6, which provides:
<br />"As provided by Section 1.02, Senate Bill No. 959, [ch. 76] Acts of the 74th Legislature, Regular Session, 1995,
<br />this Act controls over Senate Bill No. 959 to the extent of any conflict."
<br />Acts 1997, 75th Leg., ch. 1421, in the section heading, substituted "Existing Investments" for "Portfolio of Certain
<br />Investment Pools", and rewrote the section, which previously read:
<br />"A public funds investment pool created to function as a money market mutual fund must mark its portfolio to
<br />market daily and, to the extent reasonably possible, stabilize at a$1 net asset value. If the ratio of the market value
<br />of the porifolio divided by the book value of the porifolio is less than 0.995 or greater than 1.005, porifolio holdings
<br />shall be sold as necessary to maintain the ratio between 0.995 and 1.005."
<br />For application provisions of Acts 1997, 75th Leg., ch. 1421, see notes following V.T.C.A., Government Code $
<br />2256.002.
<br />Prior Laws:
<br />Acts 1993, 73rd Leg., ch. 858, § 1.
<br />Vernon's Ann.Civ.St. art. 842a-2, $ 2(e).
<br />Acts 1995, 74th Leg., ch. 76, § 5.46(b).
<br />$ 2256.018. Repealed by Acts 1997, 75th Leg., ch. 1421, $ 15, eff. Sept. 1, 1997
<br />Copr. C West 2001 No Claim to Orig. U. S. Govt. Works
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