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363 <br />GENERAL GOVERNMENT <br />Ch. 2256 <br />Vernon's Ann.Civ.SL art 6252 -5a. § 2. <br />Acts 1993. 73rd Leg., ch. 268. § 1. <br />V.T.C.4.. Government Code § 2256.103. <br />§§ 2256-057 to 2256.059 <br />Deleted <br />§ 2256.055: Deposit of Securities Purchased by State <br />At the direction of the comptroller.or.the agency, a securi ty purchased under <br />this chapter may be deposited in trust with a bank or federal reserve bank or <br />branch designated by the comptroller, whether in or outside the state. The <br />deposit shalf be held in the entity's name as evidenced by a trust receipt of the <br />bank with which the securities are deposited. <br />Amended by Acs 1995, 74th Leg., ch. 402, § 1, eff. Sept. 1. 1995; .acts 1997, 7th Leg.. <br />ch. 1423, § 8.69, eff. Sept. 1, 1997. <br />Historical and Statutory Motes <br />Acts 1997. 75th Leg., eh. 1-:23 made conform- Acs 1979. 66th Leg., p. 310. ch. 143. § 2. <br />in= amendments to reflect the abolishment of Vernon's Ann.Civ.SL am 6232 -Sa. § 3. <br />the office of the state tresurer. Acts 1993. 73rd Leg., eh. 265. § 1. <br />Prior Laws: V.T.C.4.. Gnvernment Code § 2256.10 =. <br />Acts 1967. 60th Leg., P. 915. ch.. 401. <br />§ 2256.056. Compliance With Other Laws <br />Notwithstanding any other law, a municipality with a population of less than <br />50,000 may not issue for any purpose or cause to be issued in its behalf' a-nv <br />installment sale obligation or lease- purchase obligation having the principal <br />amount of S 1 million or more without complying with the provisions of Section <br />3.002, Chapter 53, Acts of the 70th Legislature, 2nd Called Session, 198 7 <br />(Article 717k —S, Vernon's Texas Civil Statutes), regardless of whether the <br />obligation was issued individually or in a series of related transactions, or <br />whether the obligation was issued with no recourse to the local government. <br />Added by Acts 1997, 75th Leg., ch. 1421, 9 14, e5.. Sept. 1, 1997. <br />Historical and Statutory Notes <br />For application provisions of Acts 1997. 75th <br />Leg.. eh. 1421. see notes following V.T.0 .A.. <br />Government Code 3 2256.002. <br />A <br />§§ 2256.057 to 2256.059. Deleted by Picts 1995, 74th Leg., ch. 402, § 1. ' <br />eff. Sept. 1, 1995. . <br />(Sections 2256.060 to 2256.100 reserved for expansion) <br />M <br />