Texas Water Code
§ 49.1571 — INVESTMENT OFFICER
WA § 49.1571Title 4. GENERAL LAW DISTRICTS · Ch. 49. PROVISIONS APPLICABLE TO ALL DISTRICTS · Art. E. FISCAL PROVISIONS
Statute text
View on source(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. 3, eff. May 14, 2001.