reglab/housing_qa huggingface dataset:
TX Govt Code § 2254.151 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2254 - Professional and Consulting Services|Subchapter D. Outside Legal Services|Section 2254.151. Definition

Sec. 2254.151.  DEFINITION.  In this subchapter, "state agency" means a department, commission, board, authority, office, or other agency in the executive branch of state government created by the state constitution or a state statute.|Added by Acts 2003, 78th Leg., ch. 309, Sec. 7.18, eff. June 18, 2003.|
TX Govt Code § 2254.152 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2254 - Professional and Consulting Services|Subchapter D. Outside Legal Services|Section 2254.152. Applicability

Sec. 2254.152.  APPLICABILITY.  This subchapter does not apply to a contingent fee contract for legal services.|Added by Acts 2003, 78th Leg., ch. 309, Sec. 7.18, eff. June 18, 2003.|
TX Govt Code § 2254.153 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2254 - Professional and Consulting Services|Subchapter D. Outside Legal Services|Section 2254.153. Contracts for Legal Services Authorized

Sec. 2254.153.  CONTRACTS FOR LEGAL SERVICES AUTHORIZED.  Subject to Section 402.0212, a state agency may contract for outside legal services.|Added by Acts 2003, 78th Leg., ch. 309, Sec. 7.18, eff. June 18, 2003.|
TX Govt Code § 2254.154 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2254 - Professional and Consulting Services|Subchapter D. Outside Legal Services|Section 2254.154. Attorney General; Competitive Procurement

Sec. 2254.154.  ATTORNEY GENERAL;  COMPETITIVE PROCUREMENT.  The attorney general may require state agencies to obtain outside legal services through a competitive procurement process, under conditions prescribed by the attorney general.|Added by Acts 2003, 78th Leg., ch. 309, Sec. 7.18, eff. June 18, 2003.|
TX Govt Code § 2256.001 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.001. Short Title

Sec. 2256.001.  SHORT TITLE.  This chapter may be cited as the Public Funds Investment Act.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.|
TX Govt Code § 2256.003 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|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

Sec. 2256.003.  AUTHORITY TO INVEST FUNDS;  ENTITIES SUBJECT TO THIS CHAPTER.  (a)  Each governing body of the following entities may purchase, sell, and invest its funds and funds under its control in investments authorized under this subchapter in compliance with investment policies approved by the governing body and according to the standard of care prescribed by Section 2256.006:(1)  a local government;(2)  a state agency;(3)  a nonprofit corporation acting on behalf of a local government or a state agency;  or(4)  an investment pool acting on behalf of two or more local governments, state agencies, or a combination of those entities.(b)  In the exercise of its powers under Subsection (a), the governing body of an investing entity may contract with an investment management firm registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.) or with the State Securities Board to provide for the investment and management of its public funds or other funds under its control.  A contract made under authority of this subsection may not be for a term longer than two years.  A renewal or extension of the contract must be made by the governing body of the investing entity by order, ordinance, or resolution.(c)  This chapter does not prohibit an investing entity or investment officer from using the entity's employees or the services of a contractor of the entity to aid the investment officer in the execution of the officer's duties under this chapter.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1999, 76th Leg., ch. 1454, Sec. 2, eff. Sept. 1, 1999.|
TX Govt Code § 2256.004 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.004. Applicability

Sec. 2256.004.  APPLICABILITY.  (a)  This subchapter does not apply to:(1)  a public retirement system as defined by Section 802.001;(2)  state funds invested as authorized by Section 404.024;(3)  an institution of higher education having total endowments of at least $150 million in book value on September 1, 2017;(4)  funds invested by the Veterans' Land Board as authorized by Chapter 161, 162, or 164, Natural Resources Code;(5)  registry funds deposited with the county or district clerk under Chapter 117, Local Government Code; or(6)  a deferred compensation plan that qualifies under either Section 401(k) or 457 of the Internal Revenue Code of 1986 (26 U.S.C. Section 1 et seq.), as amended.(b)  This subchapter does not apply to an investment donated to an investing entity for a particular purpose or under terms of use specified by the donor.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 505, Sec. 24, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1421, Sec. 2, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 62, Sec. 8.21, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 1454, Sec. 3, eff. Sept. 1, 1999.Amended by: Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 1, eff. June 14, 2017.|
TX Govt Code § 2256.006 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.006. Standard of Care

Sec. 2256.006.  STANDARD OF CARE.  (a)  Investments shall be made with judgment and care, under prevailing circumstances, that a person of prudence, discretion, and intelligence would exercise in the management of the person's own affairs, not for speculation, but for investment, considering the probable safety of capital and the probable income to be derived.  Investment of funds shall be governed by the following investment objectives, in order of priority:(1)  preservation and safety of principal;(2)  liquidity;  and(3)  yield.(b)  In determining whether an investment officer has exercised prudence with respect to an investment decision, the determination shall be made taking into consideration:(1)  the investment of all funds, or funds under the entity's control, over which the officer had responsibility rather than a consideration as to the prudence of a single investment;  and(2)  whether the investment decision was consistent with the written investment policy of the entity.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.|
TX Govt Code § 2256.007 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.007. Investment Training; State Agency Board Members and Officers

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.|
TX Govt Code § 2256.011 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.011. Authorized Investments: Repurchase Agreements

Sec. 2256.011.  AUTHORIZED INVESTMENTS:  REPURCHASE AGREEMENTS.  (a)  A fully collateralized repurchase agreement is an authorized investment under this subchapter if the repurchase agreement:(1)  has a defined termination date;(2)  is secured by a combination of cash and obligations described by Section 2256.009(a)(1) or 2256.013 or, if applicable, Section 2256.0204;(3)  requires the securities being purchased by the entity or cash held by the entity to be pledged to the entity, held in the entity's name, and deposited at the time the investment is made with the entity or with a third party selected and approved by the entity; and(4)  is placed through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in this state.(b)  In this section, "repurchase agreement" means a simultaneous agreement to buy, hold for a specified time, and sell back at a future date obligations described by Section 2256.009(a)(1) or 2256.013 or, if applicable, Section 2256.0204, at a market value at the time the funds are disbursed of not less than the principal amount of the funds disbursed. The term includes a direct security repurchase agreement and a reverse security repurchase agreement.(c)  Notwithstanding any other law, the term of any reverse security repurchase agreement may not exceed 90 days after the date the reverse security repurchase agreement is delivered.(d)  Money received by an entity under the terms of a reverse security repurchase agreement shall be used to acquire additional authorized investments, but the term of the authorized investments acquired must mature not later than the expiration date stated in the reverse security repurchase agreement.(e)  Section 1371.059(c) applies to the execution of a repurchase agreement by an investing entity.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1004 (H.B. 2226), Sec. 6, eff. June 17, 2011.Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 3, eff. June 14, 2017.Acts 2019, 86th Leg., R.S., Ch. 1133 (H.B. 2706), Sec. 1, eff. September 1, 2019.|
TX Govt Code § 2256.0115 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.0115. Authorized Investments: Securities Lending Program

Sec. 2256.0115.  AUTHORIZED INVESTMENTS:  SECURITIES LENDING PROGRAM.  (a)  A securities lending program is an authorized investment under this subchapter if it meets the conditions provided by this section.(b)  To qualify as an authorized investment under this subchapter:(1)  the value of securities loaned under the program must be not less than 100 percent collateralized, including accrued income;(2)  a loan made under the program must allow for termination at any time;(3)  a loan made under the program must be secured by:(A)  pledged securities described by Section 2256.009;(B)  pledged irrevocable letters of credit issued by a bank that is:(i)  organized and existing under the laws of the United States or any other state;  and(ii)  continuously rated by at least one nationally recognized investment rating firm at not less than A or its equivalent;  or(C)  cash invested in accordance with Section:(i)  2256.009;(ii)  2256.013;(iii)  2256.014;  or(iv)  2256.016;(4)  the terms of a loan made under the program must require that the securities being held as collateral be:(A)  pledged to the investing entity;(B)  held in the investing entity's name;  and(C)  deposited at the time the investment is made with the entity or with a third party selected by or approved by the investing entity;(5)  a loan made under the program must be placed through:(A)  a primary government securities dealer, as defined by 5 C.F.R. Section 6801.102(f), as that regulation existed on September 1, 2003;  or(B)  a financial institution doing business in this state;  and(6)  an agreement to lend securities that is executed under this section must have a term of one year or less.|Added by Acts 2003, 78th Leg., ch. 1227, Sec. 1, eff. Sept. 1, 2003.|
TX Govt Code § 2256.012 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.012. Authorized Investments: Banker's Acceptances

Sec. 2256.012.  AUTHORIZED INVESTMENTS:  BANKER'S ACCEPTANCES.  A bankers' acceptance is an authorized investment under this subchapter if the bankers' acceptance:(1)  has a stated maturity of 270 days or fewer from the date of its issuance;(2)  will be, in accordance with its terms, liquidated in full at maturity;(3)  is eligible for collateral for borrowing from a Federal Reserve Bank;  and(4)  is accepted by a bank organized and existing under the laws of the United States or any state, if the short-term obligations of the bank, or of a bank holding company of which the bank is the largest subsidiary, are rated not less than A-1 or P-1 or an equivalent rating by at least one nationally recognized credit rating agency.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.|
TX Govt Code § 2256.013 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.013. Authorized Investments: Commercial Paper

Sec. 2256.013.  AUTHORIZED INVESTMENTS: COMMERCIAL PAPER.  Commercial paper is an authorized investment under this subchapter if the commercial paper:(1)  has a stated maturity of 365 days or fewer from the date of its issuance; and(2)  is rated not less than A-1 or P-1 or an equivalent rating by at least:(A)  two nationally recognized credit rating agencies; or(B)  one nationally recognized credit rating agency and is fully secured by an irrevocable letter of credit issued by a bank organized and existing under the laws of the United States or any state.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.Amended by: Acts 2019, 86th Leg., R.S., Ch. 1133 (H.B. 2706), Sec. 2, eff. September 1, 2019.|
TX Govt Code § 2256.014 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.014. Authorized Investments: Mutual Funds

Sec. 2256.014.  AUTHORIZED INVESTMENTS:  MUTUAL FUNDS.(a)  A no-load money market mutual fund is an authorized investment under this subchapter if the mutual fund:(1)  is registered with and regulated by the Securities and Exchange Commission;(2)  provides the investing entity with a prospectus and other information required by the Securities Exchange Act of 1934 (15 U.S.C. Section 78a et seq.) or the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.); and(3)  complies with federal Securities and Exchange Commission Rule 2a-7 (17 C.F.R. Section 270.2a-7), promulgated under the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).(b)  In addition to a no-load money market mutual fund permitted as an authorized investment in Subsection (a), a no-load mutual fund is an authorized investment under this subchapter if the mutual fund:(1)  is registered with the Securities and Exchange Commission;(2)  has an average weighted maturity of less than two years; and(3)  either:(A)  has a duration of one year or more and is invested exclusively in obligations approved by this subchapter; or(B)  has a duration of less than one year and the investment portfolio is limited to investment grade securities, excluding asset-backed securities.(c)  An entity is not authorized by this section to:(1)  invest in the aggregate more than 15 percent of its monthly average fund balance, excluding bond proceeds and reserves and other funds held for debt service, in mutual funds described in Subsection (b);(2)  invest any portion of bond proceeds, reserves and funds held for debt service, in mutual funds described in Subsection (b);  or(3)  invest its funds or funds under its control, including bond proceeds and reserves and other funds held for debt service, in any one mutual fund described in Subsection (a) or (b) in an amount that exceeds 10 percent of the total assets of the mutual fund.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 1421, Sec. 7, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 1454, Sec. 8, eff. Sept. 1, 1999.Amended by: Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 4, eff. June 14, 2017.|
TX Govt Code § 2256.015 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.015. Authorized Investments: Guaranteed Investment Contracts

Sec. 2256.015.  AUTHORIZED INVESTMENTS:  GUARANTEED INVESTMENT CONTRACTS.  (a)  A guaranteed investment contract is an authorized investment for bond proceeds under this subchapter if the guaranteed investment contract:(1)  has a defined termination date;(2)  is secured by obligations described by Section 2256.009(a)(1), excluding those obligations described by Section 2256.009(b), in an amount at least equal to the amount of bond proceeds invested under the contract;  and(3)  is pledged to the entity and deposited with the entity or with a third party selected and approved by the entity.(b)  Bond proceeds, other than bond proceeds representing reserves and funds maintained for debt service purposes, may not be invested under this subchapter in a guaranteed investment contract with a term of longer than five years from the date of issuance of the bonds.(c)  To be eligible as an authorized investment:(1)  the governing body of the entity must specifically authorize guaranteed investment contracts as an eligible investment in the order, ordinance, or resolution authorizing the issuance of bonds;(2)  the entity must receive bids from at least three separate providers with no material financial interest in the bonds from which proceeds were received;(3)  the entity must purchase the highest yielding guaranteed investment contract for which a qualifying bid is received;(4)  the price of the guaranteed investment contract must take into account the reasonably expected drawdown schedule for the bond proceeds to be invested;  and(5)  the provider must certify the administrative costs reasonably expected to be paid to third parties in connection with the guaranteed investment contract.(d)  Section 1371.059(c) applies to the execution of a guaranteed investment contract by an investing entity.|Amended by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 1421, Sec. 8, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 1454, Sec. 9, 10, eff. Sept. 1, 1999.Amended by: Acts 2017, 85th Leg., R.S., Ch. 773 (H.B. 1003), Sec. 5, eff. June 14, 2017.|
TX Govt Code § 2256.017 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.017. Existing Investments

Sec. 2256.017.  EXISTING INVESTMENTS.  Except as provided by Chapter 2270, an entity is not required to liquidate investments that were authorized investments at the time of purchase.|Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.46(a), eff. Sept. 1, 1995;  Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 1421, Sec. 10, eff. Sept. 1, 1997.Amended by: Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 2, eff. May 23, 2017.|
TX Govt Code § 2256.019 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.019. Rating of Certain Investment Pools

Sec. 2256.019.  RATING OF CERTAIN INVESTMENT POOLS.  A public funds investment pool must be continuously rated no lower than AAA or AAA-m or at an equivalent rating by at least one nationally recognized rating service.|Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 1421, Sec. 11, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1004 (H.B. 2226), Sec. 8, eff. June 17, 2011.|
TX Govt Code § 2256.020 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle F - State and Local Contracts and Fund Management|Chapter 2256 - Public Funds Investment|Subchapter A. Authorized Investments for Governmental Entities|Section 2256.020. Authorized Investments: Institutions of Higher Education

Sec. 2256.020.  AUTHORIZED INVESTMENTS:  INSTITUTIONS OF HIGHER EDUCATION.  In addition to the authorized investments permitted by this subchapter, an institution of higher education may purchase, sell, and invest its funds and funds under its control in the following:(1)  cash management and fixed income funds sponsored by organizations exempt from federal income taxation under Section 501(f), Internal Revenue Code of 1986 (26 U.S.C. Section 501(f));(2)  negotiable certificates of deposit issued by a bank that has a certificate of deposit rating of at least 1 or the equivalent by a nationally recognized credit rating agency or that is associated with a holding company having a commercial paper rating of at least A-1, P-1, or the equivalent by a nationally recognized credit rating agency;  and(3)  corporate bonds, debentures, or similar debt obligations rated by a nationally recognized investment rating firm in one of the two highest long-term rating categories, without regard to gradations within those categories.|Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.|