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Page 31 of 37 <br />Sec. 2256.0205. AUTHORIZED INVESTMENTS; DECOMMISSIONING TRUST. <br />(a) In this section: <br />(1) "Decommissioning trust" means a trust created to <br />provide the Nuclear Regulatory Commission assurance that funds will <br />be available for decommissioning purposes as required under 10 C.F.R. <br />Part 50 or other similar regulation. <br />(2) "Funds" includes any money held in a decommissioning <br />trust regardless of whether the money is considered to be public <br />funds under this subchapter. <br />(b) In addition to other investments authorized under this <br />subchapter, a municipality that owns a municipal electric utility <br />that is engaged in the distribution and sale of electric energy or <br />natural gas to the public may invest funds held in a decommissioning <br />trust in any investment authorized by Subtitle B, Title 9, Property <br />Code. <br />Added by Acts 2005, 79th Leg., Ch. 121 (S.B. 1464), Sec. 1, eff. <br />September 1, 2005. <br />Text of section as added by Acts 2017, 85th Leg., R.S., Ch. 773 <br />(H.B. 1003), Sec. 7 <br />For text of section as added by Acts 2017, 85th Leg., R.S., Ch. 344 <br />(H.B. 1472), Sec. 1, see other Sec. 2256.0206. <br />Sec. 2256.0206. AUTHORIZED INVESTMENTS: HEDGING TRANSACTIONS. <br />(a) In this section: <br />(1) "Eligible entity" means a political subdivision that <br />has: <br />(A) a principal amount of at least $250 million in: <br />(i) outstanding long-term indebtedness; <br />(ii) long-term indebtedness proposed to be issued; <br />or <br />(iii) a combination of outstanding long-term <br />indebtedness and long-term indebtedness proposed to be issued; and <br />(B) outstanding long-term indebtedness that is rated <br />in one of the four highest rating categories for long-term debt <br />instruments by a nationally recognized rating agency for municipal <br />securities, without regard to the effect of any credit agreement or <br />4/18/2018 <br />