Except as provided by Chapter 2270, an entity is not required to liquidate investments that were authorized investments at the time of purchase.
Tex. Gov't Code § 2256.017
EXISTING INVESTMENTS
Known as the Public Funds Investment Act
The act spans §§ 2256.001 to 2256.055 (39 sections).
Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.