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341 GENERAL GOVEk 1�IENT § 2256.002 Ch. 2256 Act that arc no longer authorized investment securities under that chapter as amended by this Act is not required by this Act to liquidate those securities before tha final stated maturity of the investment." § 2256.002. Definitions In this chapter: - Prior Laws: Acts 1987, 70th Leg., ch. 889. Vernon's Ann.Civ.SL art. 842a -2. § 1. Acts 1993. 73rd Leg.. ch. 268. § 1. V.T.C.A.. Government Code § 2256.001 (1) "Bond proceeds" means the proceeds from the sale of bonds, notes, and other obligations issued by an entity, and reserves and. funds maintained by an entity for.debt service purposes. (2) "Book"' alue" means the original acquisition cost of an•invesrnent plus or minus the accrued amortization or accretion. (3) "Funds" means public funds in the custody of a state agencv or local eove.^urient that: r (A) are not required by law to be deposited in the state treasury; and (B) the investing entity has authoriry to invest. (Y) "Institution of higher education" has the met -ninz assigned b_v Sec-don 61.003, Education Code. (3) "Investing entity" and "entity" mean an entity subject to this cha_ote and desc� ibed by Section 226.003. (6) "Investment pool" means an entire created under this code to invesz public funds jointly on behalf of the entities that participate in the pool and whose invesznent objectives in order of priority are: ,t (A) preservation and safety of principal; (B) liquidity; and (C) yield. (7) "Local goverximent" means a municipality, a county, a school disuict. a. district or authority created under Section 52(b)(1) or (2), Article III; or Section 59, Article XVI. Texas Constitution, a fresh water supply district, a hospital district, and any political subdivision, authority, public corporation. body politic, or instrumentality of the State of Texas, and any. nonprofit corporation acting on behalf of any of those entities. r (3) "Market value" means the current face or par value of an investment multiplied by the net selling price of the security as quoted b_v a recognized market pricing source quoted on the valuation date. (9) "Pooled' fund group" means an internally created fund of an investing entity in which one or more institutional accounts of the investinz-entity•are invested. V (10) "Qualified .representative means a person who holds a position ' with a business organization, who is author :zed to-act on behalf of the business. -;dam organization, and who is one of the following: