§ 31.066 UNACCEPTABLE INVESTMENT INSTRUMENTS.
   The following securities, although authorized by the Public Funds Investment Act (Tex. Gov’t Code, Chapter 2256), are not eligible investments for the town:
   (A)   Collateralized mortgage obligations;
   (B)   Commercial paper;
   (C)   Banker’s acceptances;
   (D)   Reverse repurchase agreements;
   (E)   No-load mutual funds other than no-load money market mutual funds;
   (F)   Guaranteed investment contracts; and
   (G)   Share certificates of qualifying credit unions.
(Res. 2009-01, passed 3-7-2009)