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<br />(h) To maintain eligibility to receive funds from and invest
<br />funds on behalf of an entity under this chapter, an investment pool
<br />must be continuously rated no lower than AAA or AAA -m or at an
<br />equivalent rating by at least one nationally recognized rating
<br />service.
<br />(i) If the investment pool operates an Internet website, the
<br />information in a disclosure instrument or report described in
<br />Subsections (b), (c)(2), and (f) must be posted on the website.
<br />(j) To maintain eligibility to receive funds from and invest
<br />funds on behalf of an entity under this chapter, an investment pool
<br />must make available to the entity an annual audited financial
<br />statement of the investment pool in which the entity has funds
<br />invested.
<br />(k) If an investment pool offers fee breakpoints based on fund
<br />balances invested, the investment pool in advertising investment
<br />rates must include either all levels of return based on the
<br />breakpoints provided or state the lowest possible level of return
<br />based on the smallest level of funds invested.
<br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;
<br />Acts 1997, 75th Leg., ch. 1421, Sec. 9, eff. Sept. 1, 1997.
<br />Amended by:
<br />Acts 2011, 82nd Leg., R.S.,
<br />June 17, 2011.
<br />Acts 2017, 85th Leg., R.S.,
<br />June 14, 2017.
<br />Ch. 1004 (H.B. 2226), Sec. 7, eff.
<br />Ch. 773 (H.B. 1003), Sec. 6, eff.
<br />Sec. 2256.017. EXISTING INVESTMENTS. Except as provided by
<br />Chapter 2270, an entity is not required to liquidate investments that
<br />were authorized investments at the time of purchase.
<br />Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.46(a), eff. Sept. 1,
<br />1995; Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.
<br />Amended by Acts 1997, 75th Leg., ch. 1421, Sec. 10, eff. Sept. 1,
<br />1997.
<br />Amended by:
<br />Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 2, eff. May
<br />23, 2017.
<br />4/18/2018
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