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b) invest any portion of bond proceeds, reserves and funds held for debt service, in <br />mutual funds described in Subsection (b); or <br />c) invest its funds or funds under its control, including bond proceeds and reserves and <br />other funds held for debt service, in any one mutual fund described in Subsection (a) <br />or (b) in an amount that exceeds 10 percent of the total assets of the mutual fund. <br />G. Investment Pools <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 />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 />a) the types of investments in which money is allowed to be invested; <br />b) the maximum average dollar -weighted maturity allowed, based on the stated maturity <br />date, of the pool; <br />c) the maximum stated maturity date any investment security within the portfolio has; <br />d) the objectives of the pool; <br />e) the size of the pool; <br />f) the names of the members of the advisory board of the pool and the dates their terms <br />expire; <br />g) the custodian bank that will safekeep the pool's assets; <br />h) whether the intent of the pool is to maintain a net asset value of one dollar and the <br />risk of market price fluctuation; <br />i) whether the only source of payment is the assets of the pool at market value or <br />whether there is a secondary source of payment, such as insurance or guarantees, and <br />a description of the secondary source of payment; <br />j) the name and address of the independent auditor of the pool; <br />k) the requirements to be satisfied for an entity to deposit funds in and withdraw funds <br />from the pool and any deadlines or other operating policies required for the entity to <br />invest funds in and withdraw funds from the pool; and <br />1) the performance history of the pool, including yield average dollar -weighted <br />maturities, and expense ratios. <br />