{"data":{"id":"us-tx/tex.-government-code-2256.024","jurisdiction":"us-tx","citation":"Tex. Government Code § 2256.024","heading":"SUBCHAPTER CUMULATIVE.","body":"(a) The authority granted by this subchapter is in addition to that granted by other law. Except as provided by Subsection (b) and Section 2256.017, this subchapter does not:\n(1) prohibit an investment specifically authorized by other law; or\n(2) authorize an investment specifically prohibited by other law.\n(b) Except with respect to those investing entities described in Subsection (c), a security described in Section 2256.009(b) is not an authorized investment for a state agency, a local government, or another investing entity, notwithstanding any other provision of this chapter or other law to the contrary.\n(c) Mortgage pass-through certificates and individual mortgage loans that may constitute an investment described in Section 2256.009(b) are authorized investments with respect to the housing bond programs operated by:\n(1) the Texas Department of Housing and Community Affairs or a nonprofit corporation created to act on its behalf;\n(2) an entity created under Chapter 392, Local Government Code; or\n(3) an entity created under Chapter 394, Local Government Code.\nAdded by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 3, eff. May 23, 2017.","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#2256.024","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"1fefb416b0433bd5e7290ca5ed9d593c94ab140c4da9d447d7f05201e7785a58","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2256.023","next":"us-tx/tex.-government-code-2256.025"},"notice":"GroundRules: Original legal text. Not legal advice."}