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352 I• • § 2236.011 GOVERNME rr CODE Title 10 Prior Laws: Acts 1989. 71st Leg., ch. 750, § 1. Acts 1993. 73rd Lee.. ch. 946, § 1. Acts 1981, 70th Leg., eh. 889. Vernon's Ann.Civ.SL art. 84.2a -2. § 2(a), (c). i Acts 1989. 71st Leg., eh. 39. § 1'. Acts 1993. 73rd Leg.. ch. 268. § L' Acts 1989, 71st Leg., eh. 623. § 1. Acts 1993. 74th Leg., ch. 76, §, 5.45(b), M. j Acts 1989. 71st Leg., eh. 693, § 4 V.T.C.A.. Government Code § 1256.008. § 2236.012. Authorized Investments: Banker's Acceptances A bankers' acceptance is an authorized investment under this subchapter if the bankers' acceptance: (1) has a stated maturity of 2 7 0 days or fewer from the date of its issuance; (2) will be, -in accordance with its terms, liquidated in full at maturity; (3) is eligible for collateral for borrowing from a Federal Reserve Bank; .and (4) is accepted by a bank organized and existing under the laws of the United States or any state, if the short -te_m obligations of the bank, or of a bank holding company-of which the-bank- is the largest subsidiary, are rated not less than A -1 or P -1- or an equivalent rating by at least one nationally recognized credit rating agency. Amended by Acts 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1.1019:". Historical and Statutory Notes Prior Laws: ;acts 1989, 71st Leg.. eh. 693. § 4. Acts 1987, 70th Leg., ch. 889. Acts 1989. 71st Leg., eh. 7510. § •1. Vem. on's Ann.CiV.SL art. 842a -2. § 2(a), (c). Acts 1989. 71st Leg.. ch. 39, § 1. acts 1993. 73rd Leg., ch. 268. § 1. Acs 1939. 71st Leg., eh. 628, § 1. V.T.C.4.. Government Code § 2256.009. § 2236.013.. Authorized Investments:. Commercial Paper Commercial paper is an authorized investment under this subchapter if the commercial paper. (1) has a stated maturity of 270 days or fewer from the date of its* issuance; and (2) is rated not less than A -1 or P -1 or an equivalent rating by at least: (A) two nationally recognized credit rating agencies; or . (B) one nationally recognized credit rating agency and is fully secured by an irrevocable letter of credit issued by a bank organized and e- usting under the laws of the United States or anv state. -Amended by Acts 1995. 74th Lez., ch. 402. § 1, eff. Sept. 1. 1995. . Historical and Starutory Notes Prior Laws: Acts 1989. 71st Leg., eh. 693. § 4. Acts 1957. 70th Leg.. ch. 889. Acts 1989. 71st Les., eh. 730. § L' Vernon's,AnnXtr.SL art. 342a -2. § 2(a). ' Act's 1989. 71st Leg.. eh. 39. § 1. Acts 1993.:3rd Les., ch. 268. § 1. Acts 1989. 7 1st Leg.. ch. 623. § 1. V.T.C.a.. Government Code § 2256.010: '