Texas Statutes
Chapter 140 - Miscellaneous Financial Provisions Affecting Municipalities, Counties, and Other Local Governments
Section 140.002. Investments by Political Subdivision in Defense Bonds and Other Federal Obligations

Sec. 140.002. INVESTMENTS BY POLITICAL SUBDIVISION IN DEFENSE BONDS AND OTHER FEDERAL OBLIGATIONS. A political subdivision that has a balance remaining in any of its accounts at the end of a fiscal year may invest the balance in defense bonds or other obligations of the United States. If those funds are needed, the political subdivision shall sell or redeem the federal obligations in which the funds are invested and shall deposit the proceeds of the obligations in the account from which they were originally drawn.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

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Structure Texas Statutes

Texas Statutes

Local Government Code

Title 4 - Finances

Subtitle C - Financial Provisions Applying to More Than One Type of Local Government

Chapter 140 - Miscellaneous Financial Provisions Affecting Municipalities, Counties, and Other Local Governments

Section 140.001. Relief Under Federal Bankruptcy Laws for Municipality, Taxing District, or Other Political Subdivision

Section 140.002. Investments by Political Subdivision in Defense Bonds and Other Federal Obligations

Section 140.003. Purchasing and Financial Accounting for District Attorneys, Juvenile Boards, and Probation Departments

Section 140.004. Budgets of Certain Juvenile Boards and Community Supervision and Corrections Departments