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Texas Local Government Code - Chapter 104 Municipal Investment Of Trust Funds And Special DepositsLegal Research Home > Texas Lawyer > Local Government Code > Texas Local Government Code - Chapter 104 Municipal Investment Of Trust Funds And Special Deposits Sponsored LinksThis chapter applies only to a home-rule municipality with a population of one million or more whose charter provides for an elected comptroller, auditor, or ... (a) The municipality may invest trust funds and special deposits in the custody of the municipality. (b) The municipal official responsible for managing and conducting ... If any of the funds placed in time deposit accounts are required before maturity, they shall be made available by the depository bank, but the ... The municipal official responsible for managing and conducting the fiscal affairs shall receive the interest earned on the investments and shall place the interest in ... This chapter is cumulative of the municipal powers of investment derived from the municipal charter. Acts 1987, 70th Leg., ch. 149, § 1, eff. Sept. ... Last modified: August 11, 2007 |