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with the guaranteed investment contract. 398 Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1421, § 8, eff. Sept. 1, 1997; Acts 1999, 76th Leg., ch. 1454, §§ 9, 10, eff. Sept. 1, 1999. <General Materials (GM) - References, Annotations, or Tables> HISTORICAL AND STATUTORY NOTES 2000 Main Volume Acts 1997, 75th Leg., ch. 1421, in the section heading, inserted "for State Agencies ". For application provisions of Acts 1997, 75th Leg., ch. 1421, see notes following V.T.C.A.. Government Code 2256.002. Acts 1999, 76th Leg., ch. 1454, in the section heading, following "Investments" deleted "for State Agencies "; and in subsec. (a), in the introductory paragraph, following "investment ", deleted "for state agencies ". LIBRARY REFERENCES 2000 Main Volume Municipal Corporations C= 884. States C�� 124. WESTLAW Topic Nos. 268, 360. C.J.S. Municipal Corporations § 1881. C.J.S. States § 225. § 2256.016. Authorized Investments• Investment Pools (a) An entity may invest its funds and funds under its control through an eligible investment pool if the governing body of the entity by rule, order, ordinance, or resolution, as appropriate, authorizes investment in the particular pool. An investment pool shall invest the funds it receives from entities in authorized investments permitted by this subchapter. (b) To be eligible to receive funds from and invest funds on behalf of an entity under this chapter, an investment pool must furnish to the investment officer or other authorized representative of the entity an offering circular or other similar disclosure instrument that contains, at a minimum, the following information: (1) the types of investments in which money is allowed to be invested; (2) the maximum average dollar- weighted maturity allowed, based on the stated maturity date, of the pool; (3) the maximum stated maturity date any investment security within the portfolio has; (4) the objectives of the pool; (5) the size of the pool; (6) the names of the members of the advisory board of the pool and the dates their terms expire; (7) the custodian bank that will safekeep the pool's assets; (8) whether the intent of the pool is to maintain a net asset value of one dollar and the risk of market price fluctuation; Copr. ® West 2001 No Claim to Orig. U.S. Govt. Works