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Public Investments

Summaries

KP-0022
Ken Paxton

Investment pool authority to form and invest in a subsidiary, select its directors, incorporate under laws of another state

KP-0220
Ken Paxton

Indexed life insurance product - investment in by Teacher Retirement System - conditions required for|Indexed life insurance product - conditions required for Teacher Retirement System to invest assets in

GA-0388
Greg Abbott

County school funds, Chambers County may not contract with a bank to invest or manage its permanent school fund|County school funds, Chambers County may not contract with a bank to invest and manage its permanent school fund|County school lands, Chambers County may not contract with a bank to invest and manage its permanent school fund

GA-0768
Greg Abbott

Endowment funds, authorization of investments under the Uniform Prudent Management of Institutional Funds Act|Applicability of the Texas Public Funds Investment Act, chapter 2256, Government Code, to endowment funds of a state university

GA-0892
Greg Abbott

University of North Texas System’s Board of Regents is a governing board within the scope of subsection 51.0031(c), Education Code|University of North Texas System’s Board of Regents is the entity to which Education Code subsection 51.0031(c)’s $25 million threshold applies

DM-0202
Dan Morales

Investment of funds in mutual funds holding only adjustable rate mortgages that obligate United States agencies|Investment in mutual funds holding only adjustable rate mortgages that obligate United States agencies|Mutual funds holding only adjustable rate mortgages that obligate United States agencies, authority of certain public entities to invest in

DM-0274
Dan Morales

Covered call contracts and covered put contracts, definition of for purposes of section 2 of the Public Funds Investment Act|Covered call contracts and covered put contracts, under Public Funds Investment Act public funds investment pool is not authorized to purchase, sell, or invest its funds and funds under its control in|Repurchase agreements|Obligation of the United States or its agencies

DM-0489
Dan Morales

Receiver, funds controlled by Commissioner in capacity as are not public funds that Commissioner may invest under Public Funds Investment Act|Travel advances, Commissioner may not invest under Public Funds Investment Act because not authorized by statute|Public funds, defining for purposes of Public Funds Investment Act|Public funds

JC-0043
John Cornyn

Retirement systems, delegation of investment authority by and securities authorized for investment by Board of Trustees of Teacher Retirement System of Texas|Teacher Retirement System, delegation of investment authority by and securities authorized for investment by board of trustees|Delegation of investment authority by and securities authorized for investment by Board of Trustees of Teacher Retirement System of Texas|Delegation of investment authority by and securities authorized for investment by board of trustees|Securities

JC-0353
John Cornyn

Toll roads, Department of Transportation cannot grant state highway fund monies to Texas Turnpike Authority for toll roads except on condition of repayment from toll proceeds and other revenue|Toll roads, Department of Transportation cannot grant state highway fund monies to Authority for toll roads except on condition of repayment from toll proceeds and other revenue|Toll roads, Department cannot grant state highway fund monies to Texas Turnpike Authority for toll roads except on condition of repayment from toll proceeds and other revenue

JC-0359
John Cornyn

Stated maturity date|Public funds investment pool, whether maximum average dollar-weighted maturity of pool may be calculated using floating rate securities' reset date as opposed to their stated maturity date

KP-0328
Ken Paxton

The Teacher Retirement System’s authority to invest its funds is limited to items qualifying as “securities” under Government Code subsection 825.301(a); thus, to the extent any real estate investments of the System comprise realty itself and do not qualify as a “security” pursuant to subsection 825.301(a), they are unconstitutional.

KP-0337
Ken Paxton

Paycheck Protection Program loans fully guaranteed by the Small Business Administration generally satisfy the statutory requirements of an authorized investment under section 2256.009(a)(4).