Laserfiche WebLink
405 <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) Mortgage 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 /><General Materials (GM) - References, Annotations, or Tables> <br />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br />Prior Laws: <br />Acts 1979, 66th Leg., p. 2071, ch. 810. <br />Acts 1987, 70th Leg., ch. 889. <br />Vernon's Ann.Civ.St. arts. 842a -2. § 7; 4413(34c), § 7. <br />Acts 1993, 73rd Leg., ch. 268, § 1. <br />V.T.C.A.. Government Code §§ 2256.015, 2256.059. <br />§ 2256.025. Selection of Authorized Brokers <br />The governing body of an entity subject to this subchapter or the designated investment committee of the entity <br />shall, at least annually, review, revise, and adopt a list of qualified brokers that are authorized to engage in <br />investment transactions with the entity. <br />Added by Acts 1997, 75th Leg., ch. 1421, § 13, eff. Sept. 1, 1997. <br /><General Materials (GM) - References, Annotations, or Tables> <br />HISTORICAL AND STATUTORY NOTES <br />2000 Main Volume <br />For application provisions of Acts 1997, 75th Leg., ch. 1421, see notes following V.T.C.A.. Government Code <br />2256.002. <br />§ 2256.026. Statutory Compliance <br />Copr. m West 2001 No Claim to Orig. U.S. Govt. Works <br />