{"data":{"id":"us-tx/tex.-government-code-2256.012","jurisdiction":"us-tx","citation":"Tex. Government Code § 2256.012","heading":"AUTHORIZED INVESTMENTS: BANKER'S ACCEPTANCES.","body":"A bankers' acceptance is an authorized investment under this subchapter if the bankers' acceptance:\n(1) has a stated maturity of 270 days or fewer from the date of its issuance;\n(2) will be, in accordance with its terms, liquidated in full at maturity;\n(3) is eligible for collateral for borrowing from a Federal Reserve Bank; and\n(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.\nAdded by Acts 1993, 73rd Leg., R.S., Ch. 268 (S.B. 248), Sec. 1, eff. September 1, 1993.\nAmended by:\nActs 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2256.htm#2256.012","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"8895f2285107fc3369e9d0bd00d4a4881ae652a112b6b35e5ee837ad24b6b846","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2256.0115","next":"us-tx/tex.-government-code-2256.013"},"notice":"GroundRules: Original legal text. Not legal advice."}