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38$ <br />Commissioners court may designate which county funds are to be invested and direct treasurer to invest those funds <br />in accordarice with Public Funds Investment Act. Op.Atty.Gen. 1992, No. DM -96. <br />§ 2256.006. Standard of Care <br />(a) Investments shall be made with judgment and care, under prevailing circumstances, that a person of prudence, <br />discretion, and intelligence would exercise in the management of the person's own affairs, not for speculation, but <br />for investment, considering the probable safety of capital and the probable income to be derived. Investment of <br />funds shall be governed by the following investment objectives, in order of priority: <br />(1) preservation and safety of principal; <br />(2) liquidity; and <br />(3) yield. <br />(b) In determining whether an investment officer has exercised prudence with respect to an investment decision, the <br />determination shall be made taking into consideration: <br />(1) the investment of all funds, or funds under the entity's control, over which the officer had responsibility rather <br />than a consideration as to the prudence of a single investment; and <br />(2) whether the investment decision was consistent with the written investment policy of the entity. <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 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. 268, § 1. <br />Vernon's Ann.Civ.St. arts. 842a -2, § 4; 4413(34c), § 6(a). <br />V.T.C.A., Government Code § 22.56.005. <br />LIBRARY REFERENCES <br />2000 Main Volume <br />Municipal Corporations � 884. <br />States C�� 124. <br />WESTLAW Topic Nos. 268, 360. <br />C.J.S. Municipal Corporations § 1881. <br />C.J.S. States § 225. <br />§ 2256.007. Investment Training; State Agency Board Members and Officers <br />(a) Each member of the governing board of a state agency and. its investment officer shall attend at least one <br />training session relating to the person's responsibilities under this chapter within six months after taking office or <br />assuming duties. <br />Copr. 0 West 2001 No Claim to Orig. U.S. Govt. Works <br />