SUBCHAPTER CUMULATIVE.
Tex. GOV'T Code § 2256.024.
in effect(a) The authority granted by this subchapter is in addition to that granted by other law. Except as provided by Subsection (b) and Section 2256.017 , this subchapter does not:
(1) prohibit an investment specifically authorized by other law; or
(2) authorize an investment specifically prohibited by other law.
(b) Except with respect to those investing entities described in Subsection (c), a security described in Section 2256.009 (b) is not an authorized investment for a state agency, a local government, or another investing entity, notwithstanding any other provision of this chapter or other law to the contrary.
(c) Mortgage pass-through certificates and individual mortgage loans that may constitute an investment described in Section 2256.009 (b) are authorized investments with respect to the housing bond programs operated by:
(1) the Texas Department of Housing and Community Affairs or a nonprofit corporation created to act on its behalf;
(2) an entity created under Chapter 392 , Local Government Code; or
(3) an entity created under Chapter 394 , Local Government Code.
Added by Acts 1995, 74th Leg., ch. 402, Sec. 1, eff. Sept. 1, 1995.