Texas § LG.104.002 - AUTHORITY TO MAKE INVESTMENTS

Full text of Texas The Texas Constitution § LG.104.002 — AUTHORITY TO MAKE INVESTMENTS, with citation guidance and answers to common questions.

§ LG.104.002. AUTHORITY TO MAKE INVESTMENTS

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 the municipality's fiscal affairs shall make the investments. The investments are subject to the supervision and control of the governing body, as established by ordinance. (c) The municipality may invest the funds in amounts that are not required for immediate disbursement according to official estimates by purchasing obligations of the United States government or by placing the funds in time deposit accounts with one or more depository banks of the municipality. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § LG.104.002

What does The Texas Constitution § LG.104.002 cover?

Section LG.104.002 ("AUTHORITY TO MAKE INVESTMENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § LG.104.002?

A common citation format is "The Texas Constitution § LG.104.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § LG.104.002 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.