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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 />Copr. O West Group 2000. All rights reserved. <br />Current through End of 1999 Reg. Sess. <br />2256.001. Short Title <br />This chapter may be cited as the Public Funds Investment Act. <br />Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995. <br /><General Materials (GIV) - References, Annotations, or Tables> <br />REVISOR'S NOTE <br />2000 Main Volume <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 />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br />Sections 6, 9, and 11 of the 1995 amendatory act provide <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 />"Sec. 9. The state auditor shall conduct, or shall hire an independent evaluatar 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 fmdings to the legislature not later than <br />September 1, 1996. This section expires on September 2, 1996." <br />"Sea 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 fmal stated maturity of the investment." <br />Prior Laws: <br />Acts 1987, 70th Leg., ch. 889. <br />Vernon's Ann.Civ.St. art. 842a-2, $ 1. <br />Acts 1993, 73rd Leg., ch. 268, § 1. <br />V.T.C.A., Government Code $ 2256.001. <br />NOTES OF DECISIONS <br />Delegation of authority 2 <br />Validity 1 <br />Copr. C West 2001 No Claim to Orig. U. S. Govt. Works <br />