Texas Water Code

§ 36.1561 — INVESTMENT OFFICER

WA § 36.1561Title 2. WATER ADMINISTRATION · Part E. GROUNDWATER MANAGEMENT · Ch. 36. GROUNDWATER CONSERVATION DISTRICTS · Art. E. DISTRICT FINANCES

Statute text

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(a)Notwithstanding Section 2256.005(f), Government Code, the board may contract with a person to act as investment officer of the district.

(b)The investment officer of a district shall:

(1)not later than the first anniversary of the date the officer takes office or assumes the officer's duties, attend a training session of at least six hours of instruction relating to investment responsibilities under Chapter 2256, Government Code; and

(2)attend at least four hours of additional investment training within each two-year period after the first year.

(c)Training under this section must be from an independent source approved by:

(1)the board; or

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Legislative history

Added by Acts 2001, 77th Leg., ch. 69, Sec. 1, eff. May 14, 2001.