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)