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Page 36 of 37 <br />(2) an entity created under Chapter 392, Local Government <br />Code; or <br />(3) an entity created under Chapter 394, Local Government <br />Code. <br />Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br />Amended by: <br />Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 3, eff. May <br />23, 2017. <br />Sec. 2256.025. SELECTION OF AUTHORIZED BROKERS. The governing <br />body of an entity subject to this subchapter or the designated <br />investment committee of the entity shall, at least annually, review, <br />revise, and adopt a list of qualified brokers that are authorized to <br />engage in investment transactions with the entity. <br />Added by Acts 1997, 75th Leg., ch. 1421, Sec. 13, eff. Sept. 1, 1997. <br />Sec. 2256.026. STATUTORY COMPLIANCE. All investments made by <br />entities must comply with this subchapter and all federal, state, and <br />local statutes, rules, or regulations. <br />Added by Acts 1997, 75th Leg., ch. 1421, Sec. 13, eff. Sept. 1, 1997. <br />SUBCHAPTER B. MISCELLANEOUS PROVISIONS <br />Sec. 2256.051. ELECTRONIC FUNDS TRANSFER. Any local government <br />may use electronic means to transfer or invest all funds collected or <br />controlled by the local government. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br />Sec. 2256.052. PRIVATE AUDITOR. Notwithstanding any other law, <br />a state agency shall employ a private auditor if authorized by the <br />legislative audit committee either on the committee's initiative or <br />on request of the governing body of the agency. <br />Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995. <br />4/18/2018 <br />