Res 2006-193 - Laserfiche WebLink

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(3) be signed by each investment officer of the entity; (4) contain a summary statement, prepared in compliance with generally accepted accounting principles, of each pooled fund group that states the: (A I beginning market value for the reporting period; j 8) additions and changes to the market value during the period; (C J ending market value for the period; and (DI HIlly acenled interest for the reporting period; (5) state the hook value and market value of each separately invested asset at the beginning and end of the reporting period by the typc of asset and fund type invested; (6) state the maturity date of each sepal1ltely invested asset lhat has a maturity date; (7) state the account or fund or pooled group funcl in the state agency or local gtlVernment for which each individual investment was acquired; and (8) state tile complillnce of the investment portfolio of the state agency 01' local governmenl as it relates to. (A) the investment strategy expressed in the agency's or local government's investment policy; and (B I relevant provisions of this chapter, (c) The report shall be presented not less thun quarterly 10 lhe governing body and the chief executive officer of the entity within a reasonable tillle after the end oflhe period, (d) If an enlity invests in other th;lI1 muney market nllnual funds. investment puols or /lccounts offered by its depository bank in the fbnn of certit1cates of deposit, or money market accounts or similar accounts_ the reports prcparc.d by the investment of'ticers under this section shall be fonnally rcviewed at lcasl!l/Jnually by an independenl auditor, and the result of the review shall be reported to the governing body by that auditor. Added by Acts 1995. 74th Leg., ch, 402. See. L dl Sept, 1. 1995, Amended by Acts 1997, 7';th Leg" eh, 1421. Sec 12. efL Sept. 1, 1997. See, 2256.024. SUBCHAPTER CUMIIL!\ TlVE. (a) The Huthority granted by this subchapter is in addition to that granted by other law. Except as provided by "lubsectioll (b). this subclulpter do..:, not: (I) prohibit an investment speeificaUy authorized by olher law; or (2) authorize all investment specifically prohibited by other law, (b) Except with respect to those investing cntities described in Subsection (c), a security described in ')ection 2256.009(b) is not an authorized investment fot' a state agency, a local government, or another investing entity, notwithstanding any other provision of this clmptcr or other law to the contrary. {c) Mnrtgage pass-throLJgh certificates and individual mortgage loans thai may constitute an investment described in Section 2256.009(b) are authorized investments with respect to the housing bond programs operated by: (I ) the Texas Department of Housing and Community Allilirs or a nonprofit corporation created to act on its behalf; (2) an entity created under Chapter 392, Local Government Code: or (3) an entity created under Chapter 394, Local Govenll1lent Code. Added by Acts 1995, 74th Leg" ch. 402, Sec. l, ef[ Sepf. I. 1995 Sec. 2256,025 SELECTION OF AUTI10RIZED BROKERS. The governing body of an entity subjcCllo this subchapter orthe designated investmenl comminee oflhe cntity shaH, at least annually. re\ie\\, revise, and adopt a list of qualified brokers that are authorized to engage in investment transactions with the emit), Added by Acts 1997, 75th Leg" ch. 1421. Sec. 13, cff, Sept. I, 1997. See, 2256,()26. STATUlDRY C:OMPLlANCE. All investments made by entities must comply with this subchapter and all federal, slate, and local statutes. rules, or regulations, Added by Acts 1997, 75th Leg.. ch, 1421. Sec. 13. ell Sept. L ]997. SUBCHAPTER B tvllSCELLANEOCS PROVISIONS Page 30 (::ity of 8an l,.dar"'-'cs lnvestme,nt: "DoJicy