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<br />b) has an average weighted maturity of less than two years; <br /> <br />c) is invested exclusively in obligations approved by this subchapter; <br /> <br />d) is continuously rated as to investment quality by at least one nationally recognized <br />investment rating firm of not less than AAA or it equivalent; and <br /> <br />e) conforms to the requirements set forth in Sections G, 2 and 3 relating to the eligibility <br />of investment pools to receive and invest funds of investing entities. <br /> <br />3. An entity is not authorized by this section to: <br /> <br />a) invest in the aggregate more than 80 percent of its monthly average fund balance, <br />excluding bond proceeds and reserves and other funds held for debt service, in <br />money market mutual funds described in Subsection F, 1 or mutual funds described <br />in Subsection 2, either separately or collectively; <br /> <br />b) invest in the aggregate more than 15 percent of its monthly average fund balance, <br />excluding bond proceeds and reserves in other funds held for debt service, in mutual <br />funds described in Subsection 2; <br /> <br />c) invest any portion of bond proceeds, reserves and funds held for debt service, in <br />mutual funds described in Subsection 2; or <br /> <br />d) invest its funds or funds under its control, including bond proceeds and reserves and <br />other funds held for debt service, in anyone mutual fund described in Subsection I or <br />2 in an amount that exceeds 10 percent of the total assets of the mutual fund. <br /> <br />G. Investment Pools <br /> <br />1. An entity may invest its funds and funds under its control through an eligible investment <br />pool if the governing body of the entity by rule, order, ordinance, or resolution, as <br />appropriate, authorizes investment in the particular pool. An investment pool shall invest <br />the funds it receives from entities in authorized investments permitted by this subchapter. <br /> <br />2. To be eligible to receive funds from and invest funds on behalf of an entity under this <br />chapter, an investment officer or other authorized representative of the entity an offering <br />circular or other similar disclosure instrument that contains, at a minimum, the following <br />information: <br /> <br />a) the types of investments in which money is allowed to be invested; <br /> <br />b) the maximum average dollar-weighted maturity allowed, based on the stated maturity <br />date, of the pool; <br /> <br />c) the maximum stated maturity date any investment security within the portfolio has; <br /> <br />d) the objectives of the pool; <br /> <br />e) the size of the pool; <br />