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Texas Government Code - GOV'T § 2256.024. Subchapter Cumulative

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The authority granted by this subchapter is in addition to that granted by other law.  Except as provided by Subsection (b) and Section 2256.017, this subchapter does not:

(1) prohibit an investment specifically authorized by other law;  or

(2) authorize an investment specifically prohibited by other law.

(b) Except with respect to those investing entities described in Subsection (c), a security described in Section 2256.009(b) is not an authorized investment for a state agency, a local government, or another investing entity, notwithstanding any other provision of this chapter or other law to the contrary.

(c) Mortgage pass-through certificates and individual mortgage loans that may constitute an investment described in Section 2256.009(b) are authorized investments with respect to the housing bond programs operated by:

(1) the Texas Department of Housing and Community Affairs 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 Government Code.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2256.024. Subchapter Cumulative - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2256-024/

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