Tex. Gov't Code § 2256.021
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An investment that requires a minimum rating under this subchapter does not qualify as an authorized investment during the period the investment does not have the minimum rating. An entity shall take all prudent measures that are consistent with its investment policy to liquidate an investment that does not have the minimum rating.
Tex. Gov't. Code § 2256.021