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(B) relevant provisions of this chapter.
<br />(c) The report shall be presented not less than quarterly to the governing body and the chief executive officer of the
<br />entity within a reasonable time after the end of the period.
<br />(d) If an entity invests in other than money market mutual funds, investment pools or accounts offered by its
<br />depository bank in the form of certificates of deposit, or money market accounts or similar accounts, the reports
<br />prepared by the investment officers under this section shall be formally reviewed at least annually by an independent
<br />auditor, and the result of the review shall be reported to the governing body by that auditor.
<br />Added by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 1421, § 12,
<br />eff. Sept. 1, 1997.
<br /><General Materials (GIV) - References, Annotations, or Tables>
<br />HISTORICAL AND STATUTORY NOTES
<br />2000 Main Volume
<br />Acts 1997, 75th Leg., ch. 1421, in subsea (b), in subd. (4), inserted prepared in compliance with generally
<br />accepted accounting principles,", added par. (D), and made other nonsubstantive changes; and added subsea (d).
<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 1979, 66th Leg., p. 2071, ch. 810.
<br />Vernon's Ann.Civ.St. art. 4413(34c), $ 4.
<br />Acts 1993, 73rd Leg., ch. 268, § 1.
<br />V.T.C.A.. Government Code & 2256.057.
<br />$ 2256.024. Subchapter Cumulative
<br />(a) The authority granted by this subchapter is in addition to that granted by other law. Except as provided by
<br />Subsection (b), this subchapter does not:
<br />(1) prohibit an investment specifically authorized by other law; or
<br />(2) authorize an investment specifically prohibited by other law.
<br />(b) Except with respect to those investing entities described in Subsection (c), a security described in Section
<br />2256.009(b) is not an authorized investment for a state agency, a local government, or another investing entity,
<br />notwithstanding any other provision of this chapter or other law to the contrary.
<br />(c) Martgage pass-through certificates and individual mortgage loans that may constitute an investment described in
<br />Section 2256.009(b) are authorized investments with respect to the housing bond programs operated by:
<br />(1) the Texas Department of Housing and Community Affairs or a nonprofit corporation created to act on its
<br />behalf;
<br />(2) an entity created under Chapter 392, Local Government Code; or
<br />(3) an entity created under Chapter 394, Local Government Code.
<br />Added by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995.
<br />Copr. C West 2001 No Claim to Orig. U. S. Govt. Works
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