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V.T.C.A., Government Code § 2256.008. <br />LIBRARY REFERENCES <br />2000 Main Volume <br />Municipal Corporations � 884. <br />States 124. <br />WESTLAW Topic Nos. 268, 360. <br />C.J.S. Municipal Corporations § 1881. <br />C.J.S. States § 225. <br />e <br />§ 2256.012. Authorized Investments: Banker's Acceptances <br />A bankers' acceptance is an authorized investment under this subchapter if the bankers' acceptance: <br />(1) has a stated maturity of 270 days or fewer from the date of its issuance; <br />(2) will be, in accordance with its terms, liquidated in full at maturity; <br />(3) is eligible for collateral for borrowing from a Federal Reserve Bank; and <br />(4) is accepted by a bank organized and existing under the laws of the United States or any state, if the short -term <br />obligations of the bank, or of a bank holding company of which the bank is the largest subsidiary, are rated not less <br />than A -1 or P -1 or an equivalent rating by at least one nationally recognized credit rating agency. <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, 71st Leg., ch. 693, § 4. <br />Acts 1989, 71st Leg., ch. 750, § 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 />States C^� 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 />Copr. m West 2001 No Claim to Orig. U.S. Govt. Works <br />394 <br />