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GENERAL GOVIfMMIMENT § 2256:016 y Ch. 2256 (4) the price of the guaranteed investment contract must take into account the reasonably expected drawdown schedule for the bond proceeds to be invested; and (5) the provider must certify the administrative costs reasonably expected to be paid to third parties in connection with the guaranteed investment contract. Amended by Acts 1995. 74th LeL,., ch. 402. § 1, eff. Sept. 1, 1995: Acts 1997, 75th Lei.. eh. 1421, §'8, eff. Sept. 1, 1997.- Historical and Statutory Notes Acts 1997, 75th Leg., eh. 1421, in the section For application provisions of acts :997. 75th heading, inserted "for State Agencies ". Leg., eh. 1421, see notes following V.T.C.a.. Gove.rarnent Code § 22 --6.002. § 226.016. Authorized Investments: Investment fools -(a) An entity may invest its funds and funds under its control" through an eligible investment pool if the bovening body of the entity by rule, order, ordinance, or resolution, as appropriate, authorizes investment in the particular pool. An investment pool shall invest the funds it receives from entities in authorized investments permitted by this subchapter. (b) To be eligible to receive funds from and invest funds on behalf of an entity under this chapter, an investment pool must furnish to the investment officer or other authorized representative of the entity an offering circular: or other similar disclosure instrument that contains, at a minimum, the following information: (L) the types 'of investments in which money is allowed to be invested; (2) the maximum average dollar - weighted maturity allowed, based on the stated maturity date, of the pool; (3) the. maximum stated maturity date any investment security within the portfolio has; r (4) the objectives of the pool; (5) the size of the pool; (6) the names of the members of the advisory board of the pool and the dates their terms expire; (7) the custodian bank that will safekeep the pool's assets: (8) whether the intent of the pool is to maintain 'a net: value of one dollar and the. risk of-mark-et price fluctuation; (9) whether the only source of payment is the assets of the pool at market value or whether there is a secondary source of payment, such as insurance or guarantees, and a description of the secondary source of payment; . (10) the name and address of the independent auditor of the pool; . (11) the requirements to be satisfied fd .an 'entity to deposit ' funds in and withdraw funds from the pool and any deadlines or other operating policies ,