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361 GENERAL GOVERNMENT § 2256.053 Ch. r_56 ' adopt a list of qualified brokers that are authorized to engage in investment transactions with the entity. y Added by Acts 1997, 75th Leg., ch. 1421, § 13, eff. Sept. 1, 1997. Historical and Statutory Notes For application provisions of Acts 1997, 75th Leg., eh. 1421, see notes following V.T.0 4.. Gove: nment Code § 2256.002. § 2256.026. Statutory Compliance All investments made by entities must comply with this subchapter and all federal, state, and local statutes, rules, or re?ulations. S Added by Acts 1997, 75th Leg., ch. 1421, § 13, eff. Sept. 1. 1997. Historical and Statutory ;Motes For application provisions of Acts 1997. 75th Leg.. ch. 1421, see notes following V.T.C.?.. Gove:.me-it Code § 22:6.002. [Sections 22 -56.027 to 7256.050 reserved for expansion] SUBCHAPTER B. MISCELLLNEOUS PROVISIOVS § 2256.051. Electronic Funds Transfer Any local government may use electronic means to transfer or invest all funds collected or controlled by the local government. Amended by Acts 1995, 74th Lez., ch. 402. § 1. eff. Sept. 1, 1995. § 2256.052. Private Auditor Notwithstanding anv other law, a state agencv shall employ a private auditor if authorized by the legislative audit. committee either on the committee's initiative or on request of the zovernin-, body of the agencv. Amended by Acts 1995, 74th Leg., ch. 402. § 1, eff. Sept. 1, 1995. Historical and Statutory Motes Prior Laws: Acts 1993. 73rd Le -g.; ch. 268. §' I. .Acts 1979, 66th Leg., p. 2071, ch. 810.. V.T.C_A . Government Code § 2256.058. Vernon's Ann.Civ.SL art. 4413(34e), § 5. I A 0 0 § 2256.053. Payment for Securities Purchased by State The comptroller or the disbursing officer of an agency that has the power to invest assets directly may pay for authorized— securities purchased from or-,"k-