Texas Insurance Code - INS § 424.105. Short-Term Investment Pool:  Certain Short-Term Obligations

(1) have a rating by the securities valuation office of one or two, or an equivalent rating issued by a nationally recognized statistical rating organization recognized by the securities valuation office;  or

(2) be issued by an issuer with outstanding obligations that have a rating described by Subdivision (1).

(1) a remaining maturity of 397 days or less or a put that:

(2) a remaining maturity of three years or less and a floating interest rate that resets at least quarterly on the basis of a current short-term index and is not subject to a maximum limit, if the obligations do not have an interest rate that varies inversely to market interest rate changes.

(1) a federal funds rate;

(2) the prime rate;

(3) the rate for treasury bills;

(4) the London InterBank Offered Rate;  or

(5) the rate for commercial paper.