Texas Insurance Code - Section 424.106. Short-Term Investment Pool: Certain Money Market Funds
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§ 424.106. SHORT-TERM INVESTMENT POOL: CERTAIN MONEY
MARKET FUNDS. A short-term investment pool may contain a money
market fund as described by 17 C.F.R. Section 270.2a-7 under the
Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.), as
amended, that is:
(1) a government money market fund that at all times:
(A) invests only in obligations issued,
guaranteed, or insured by the United States or collateralized
repurchase agreements composed of those obligations; and
(B) qualifies for investment without a reserve
under the Purposes and Procedures Manual of the securities
valuation office or a successor publication; or
(2) a class one money market fund that at all times
qualifies for investment using the bond class one reserve factor
described by the Purposes and Procedures Manual of the securities
valuation office.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.073 424.074 424.101 424.102 424.103 424.104 424.105 424.106 424.107 424.108 424.109 424.110 424.111 424.112 424.113
Last modified: August 10, 2007
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