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343 <br />- GO. MPL'1L GOVERN -MENT § 2256.005 - <br />Ch. 2256 <br />(4) an investment pool acting on `behalf of two or more local govemments, <br />state agencies, or a combination of those entities. <br />Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1, 1995. <br />Historical and Starntory Notes <br />Prior Laws: Acts 1989. 71st Leg., eh. 750. § 1. <br />Acts 1987. 70th Leg., eh. 839. Vernon's Ann.Civ.St: are- 8423 -2. <br />Acts 1989. 7Ist Leg., eh. 39. § 1. 5(a). <br />Acts 1989. 71st Leg., eh. 625. H 1.2. Acs 1993. 73rd Leg., ea. 268. § 1. <br />Hots 1989. 71st Leg.. ch. 693. § 4. V.T.C?,.. Government Code § 2256.003. <br />§ 2256.004. Applicability <br />This subchapter does not apply to: <br />(1) a public retirement system as defined by Section 802.001; <br />(2) state funds invested as authorized by Section 404.02 <br />(3) an institution of higher education having total endowments of at least <br />S95 million in book value on M y 1, 1995; <br />(4) funds invested by the Veterans' Land Board as authorized by Chapter : <br />161, 162, or 164, Natural Resources Code; or <br />Terr oT subd. (5) as added by' A_crs 1997, 75rh Leg., ch. 50-5, § 24 <br />(5) registry funds deposited with the county or district_ clerk under Chapter <br />117, Local Goverunent Code. <br />Tzar of subd- (5) as added by Acts 1997, 75rh Leg., ch. 1421, § 2 <br />(5) a deferred compensation plan that qualines under either Section 401(k) ' <br />or 437 of the Internal Revenue Code of 1986 (26 U.S.C. Section 1 et sec.), as <br />amended. <br />Amended by Acts 1993. 74th Le?., ch. 402. § 1, eff. Sept. 1, 199-5; Acs 1997, 75th Lez.. <br />ch. 505. § 24, eff. Sept. 1, 1997; Acts 1997, 75th Lez., ch. 1421, § 2. eff. Sept. 1, 1997. <br />Historical and <br />Acs 1997. 75th Leg- eh. 505, added subd. (5). <br />Acts 1997. 75th Leg., eh. 1421 added subd. <br />(5), and made other nonsubstantive changes. <br />For application provisions of acts 1997, 7 -5th <br />Lee.. ch. 1421, see notes following V.T.C.A.. <br />Government Code § 225 6.002. <br />Statutory Motes <br />Prior Laws: <br />Acts 1987. 70th Leg.. ch. 859. <br />Ve:3on's Ann.CiV.St. art 842a -2. § 6. <br />Ac:s 1993. 73rd Lez.. ch. 268. § I. <br />V.T.C.A.. Government Code § 2256.016 <br />§ 2256.005. Investment Policies; Investment Strategies-, Investment OC1- <br />cer <br />(a) The governing body of an investing entiry shall adopt by rule, order. <br />ordinance, or resolution. as appropriate, a written investment policy regarding <br />the investment of its funds and funds under its control. r _4 <br />(b) The investment policies must: ` <br />