Sec. 8801.066. INVESTMENT OFFICER. (a) Notwithstanding Section 2256.005(f), Government Code, the board may contract with a person to act as investment officer of the district.
(b) The investment officer shall:
(1) not later than the first anniversary of the date the officer takes office or assumes the officer's duties, attend a training session of at least six hours of instruction relating to investment responsibilities under Chapter 2256, Government Code; and
(2) attend at least four hours of additional investment training within each two-year period after the first year.
(c) Training under this section must be from an independent source approved by:
(1) the board; or
(2) a designated investment committee advising the investment officer.
(d) Training under this section must include education in investment controls, security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with Chapter 2256, Government Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1187 (S.B. 1031), Sec. 2, eff. June 14, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle H - Districts Governing Groundwater
Chapter 8801 - Harris-Galveston Subsidence District
Subchapter B. District Administration
Section 8801.052. Fees of Office; Reimbursement
Section 8801.053. Board Powers and Duties
Section 8801.0552. Sworn Statement, Bond, and Oath of Office
Section 8801.057. General Manager
Section 8801.058. Employees; Bond
Section 8801.059. Employee Benefits
Section 8801.060. Expenditures
Section 8801.062. Annual Audit