Texas Local Government Code Title 4, Chapter 104 - Municipal Investment Of Trust Funds And Special Deposits

• Texas Section 104.001 - Chapter Applicable To Certain Home-rule Municipalities
  This 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...
• Texas Section 104.002 - Authority To Make Investments
  (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...
• Texas Section 104.003 - Effect Of Early Withdrawal
  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...
• Texas Section 104.004 - Interest
  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...
• Texas Section 104.005 - Cumulative Effect With Charter Provisions
  This chapter is cumulative of the municipal powers of investment derived from the municipal charter. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept....

Last modified: September 28, 2016