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I *) `" `3y <br />L !1 <br />Vernon's Ann.Civ.St. art. 842a -2. & 2(a). (c). <br />Acts 1993, 73rd Leg., ch. 268, § 1. <br />V.T.C.A., Government Code & 2256.009. <br />LIBRARY REFERENCES <br />2000 Main Volume <br />Municipal Corporations C= 884 <br />O <br />States 0 124. <br />WESTLAW Topic Nos. 268, 360. <br />C.J.S. Municipal Corporations § 1881. <br />C.J.S. States § 225. <br />& 2256.013. Authorized Investments: Commercial Paper <br />�R. <br />Commercial paper is an authorized investment under this subchapter if the commercial paper: <br />(1) has a stated maturity of 270 days or fewer from the date of its issuance; and <br />(2) is rated not less than A -1 or P -1 or an equivalent rating by at least: <br />(A) two nationally recognized credit rating agencies; or <br />(B) one nationally recognized credit rating agency and is fully secured by an irrevocable letter of credit issued by <br />a bank organized and existing under the laws of the United States or any state. <br />Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995. <br /><General Materials (GM) - References, Annotations, or Tables <br />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br />Prior Laws: <br />Acts 1987, 70th Leg., ch. 889. <br />Acts 1989, 71st Leg., ch. 39, § 1. <br />Acts 1989, 71st Leg., ch. 628, § 1. <br />Acts 1989, 71 st Leg., ch. 693, § 4. <br />Acts 1989, 71st Leg., ch. 750, § 1. <br />Vernon's Ann.Civ.St. art. 842a -2. & 2(a). <br />Acts 1993, 73rd Leg., ch. 268, § 1. <br />V.T.C.A., Government Code & 2256.010. <br />E�Z <br />Municipal Corporations 884. <br />Cz;? <br />States 124. <br />WESTLAW Topic Nos. 268, 360. <br />C.J.S. Municipal Corporations § 1881. <br />LIBRARY REFERENCES <br />2000 Main Volume <br />Copr. 0 West 2001 No Claim to Orig. U.S. Govt. Works <br />