Sec. 2256.0202. AUTHORIZED INVESTMENTS: MUNICIPAL FUNDS FROM MANAGEMENT AND DEVELOPMENT OF MINERAL RIGHTS. (a) In addition to other investments authorized under this subchapter, a municipality may invest funds received by the municipality from a lease or contract for the management and development of land owned by the municipality and leased for oil, gas, or other mineral development in any investment authorized to be made by a trustee under Subtitle B, Title 9, Property Code (Texas Trust Code).
(b) Funds invested by a municipality under this section shall be segregated and accounted for separately from other funds of the municipality.
Added by Acts 2009, 81st Leg., R.S., Ch. 1371 (S.B. 894), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2256 - Public Funds Investment
Subchapter A. Authorized Investments for Governmental Entities
Section 2256.003. Authority to Invest Funds; Entities Subject to This Chapter
Section 2256.004. Applicability
Section 2256.005. Investment Policies; Investment Strategies; Investment Officer
Section 2256.006. Standard of Care
Section 2256.007. Investment Training; State Agency Board Members and Officers
Section 2256.008. Investment Training; Local Governments
Section 2256.009. Authorized Investments: Obligations Of, or Guaranteed by Governmental Entities
Section 2256.010. Authorized Investments: Certificates of Deposit and Share Certificates
Section 2256.011. Authorized Investments: Repurchase Agreements
Section 2256.0115. Authorized Investments: Securities Lending Program
Section 2256.012. Authorized Investments: Banker's Acceptances
Section 2256.013. Authorized Investments: Commercial Paper
Section 2256.014. Authorized Investments: Mutual Funds
Section 2256.015. Authorized Investments: Guaranteed Investment Contracts
Section 2256.016. Authorized Investments: Investment Pools
Section 2256.017. Existing Investments
Section 2256.019. Rating of Certain Investment Pools
Section 2256.020. Authorized Investments: Institutions of Higher Education
Section 2256.0201. Authorized Investments; Municipal Utility
Section 2256.0203. Authorized Investments: Ports and Navigation Districts
Section 2256.0204. Authorized Investments: Independent School Districts
Section 2256.0205. Authorized Investments; Decommissioning Trust
Section 2256.0206. Authorized Investments: Hedging Transactions
Section 2256.0208. Local Government Investment of Bond Proceeds and Pledged Revenue
Section 2256.021. Effect of Loss of Required Rating
Section 2256.022. Expansion of Investment Authority
Section 2256.023. Internal Management Reports
Section 2256.024. Subchapter Cumulative