Sec. 2256.007. INVESTMENT TRAINING; STATE AGENCY BOARD MEMBERS AND OFFICERS. (a) Each member of the governing board of a state agency and its investment officer shall attend at least one training session relating to the person's responsibilities under this chapter within six months after taking office or assuming duties.
(b) The Texas Higher Education Coordinating Board shall provide the training under this section.
(c) Training under this section must include education in investment controls, security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with this chapter.
(d) An investment officer shall attend a training session not less than once each state fiscal biennium and may receive training from any independent source approved by the governing body of the state agency. The investment officer shall prepare a report on this subchapter and deliver the report to the governing body of the state agency not later than the 180th day after the last day of each regular session of the legislature.
Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 73, Sec. 1, eff. May 9, 1997; Acts 1997, 75th Leg., ch. 1421, Sec. 4, eff. Sept. 1, 1997; Acts 1999, 76th Leg., ch. 1454, Sec. 5, eff. Sept. 1, 1999.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1004 (H.B. 2226), Sec. 2, eff. June 17, 2011.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2256 - Public Funds Investment
Subchapter A. Authorized Investments for Governmental Entities
Section 2256.003. Authority to Invest Funds; Entities Subject to This Chapter
Section 2256.004. Applicability
Section 2256.005. Investment Policies; Investment Strategies; Investment Officer
Section 2256.006. Standard of Care
Section 2256.007. Investment Training; State Agency Board Members and Officers
Section 2256.008. Investment Training; Local Governments
Section 2256.009. Authorized Investments: Obligations Of, or Guaranteed by Governmental Entities
Section 2256.010. Authorized Investments: Certificates of Deposit and Share Certificates
Section 2256.011. Authorized Investments: Repurchase Agreements
Section 2256.0115. Authorized Investments: Securities Lending Program
Section 2256.012. Authorized Investments: Banker's Acceptances
Section 2256.013. Authorized Investments: Commercial Paper
Section 2256.014. Authorized Investments: Mutual Funds
Section 2256.015. Authorized Investments: Guaranteed Investment Contracts
Section 2256.016. Authorized Investments: Investment Pools
Section 2256.017. Existing Investments
Section 2256.019. Rating of Certain Investment Pools
Section 2256.020. Authorized Investments: Institutions of Higher Education
Section 2256.0201. Authorized Investments; Municipal Utility
Section 2256.0203. Authorized Investments: Ports and Navigation Districts
Section 2256.0204. Authorized Investments: Independent School Districts
Section 2256.0205. Authorized Investments; Decommissioning Trust
Section 2256.0206. Authorized Investments: Hedging Transactions
Section 2256.0208. Local Government Investment of Bond Proceeds and Pledged Revenue
Section 2256.021. Effect of Loss of Required Rating
Section 2256.022. Expansion of Investment Authority
Section 2256.023. Internal Management Reports
Section 2256.024. Subchapter Cumulative