{"data":{"id":"us-tx/tex.-government-code-2256.021","jurisdiction":"us-tx","citation":"Tex. Government Code § 2256.021","heading":"EFFECT OF LOSS OF REQUIRED RATING.","body":"An investment that requires a minimum rating under this subchapter does not qualify as an authorized investment during the period the investment does not have the minimum rating. An entity shall take all prudent measures that are consistent with its investment policy to liquidate an investment that does not have the minimum rating.\nAdded by Acts 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#2256.021","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"94b95525be6457caea9a4de765a2c7b6d990666fcd4559717d3d78773a02b7e7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2256.0208","next":"us-tx/tex.-government-code-2256.022"},"notice":"GroundRules: Original legal text. Not legal advice."}