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are qualified to advise the pool, for a public funds investment pool created under Chapter 791 and managed by a
<br />state agency; or
<br />(2) of participants in the pool and other persons who do not have a business relationship with the pool and are
<br />qualified to advise the pool, for other investment pools.
<br />(h) To maintain eligibility to receive funds from and invest funds on behalf of an entity under this chapter, an
<br />investment pool must be continuously rated no lower than AAA or AAA -m or at an equivalent rating by at least one -
<br />nationally recognized rating service.
<br />Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1421, § 9, eff. Sept. 1,
<br />1997.
<br /><General Materials (GM) - References, Annotations, or Tables>
<br />HISTORICAL AND STATUTORY NOTES
<br />2000 Main Volume
<br />Acts 1997, 75th leg., ch. 1421 added subsecs. (f) to (h).
<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 />Acts 1987, 70th Leg., ch. 889.
<br />Acts 1989, 71st Leg., ch. 693, § 2.
<br />Acts 1993, 73rd Leg., ch. 946, § 1.
<br />Vernon's Ann.Civ.St. arts. 842a -2, § 3(a) to (c), (e) to (Q); 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 H 2256.013, 2256.056.
<br />LIBRARY REFERENCES
<br />2000 Main Volume
<br />Municipal Corporations 884.
<br />States 0;� 124.
<br />WESTLAW Topic Nos. 268, 360.
<br />C.J.S. Municipal Corporations § 1881.
<br />C.J.S. States § 225.
<br />2256.017. 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 (GM) - References, Annotations, or Tables>
<br />HISTORICAL AND STATUTORY NOTES
<br />Copr. © West 2001 No Claim to Orig. U.S. Govt. Works
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