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.
Tex. Gov't Code § 2256.019
RATING OF CERTAIN INVESTMENT POOLS
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.