STATUTORY GUIDELINES

TEXAS INVESTMENT LAW

This Act applies to all governmental entities in Texas. Created in 1987, it has been amended in every legislative session since. The Act is not cumulative so certain specialized areas (such as water districts) may have statutes in conflict with the Act.
• Texas Government Code Chapter 2256
• Texas Pubic Funds Investment Act (pdf version) updated for 2017
• http://www.statutes.legis.state.tx.us/Docs/GV/htm/GV.2256.htm
• Texas Trust Code http://www.statutes.legis.state.tx.us/Docs/PR/htm/PR.113.htm

TEXAS COLLATERAL LAW

This Act controls all aspects of collateral pledged to governmental entities in Texas for time and demand deposits. Created in 1989, it is cumulative legislation which supercedes all other collateral conditions.
• Texas Government Code Chapter 2257
• Texas Public Funds Collateral Act (pdf version)
• http://www.statutes.legis.state.tx.us/Docs/GV/htm/GV.2257.htm

TEXAS DEPOSITORY LAW

These statutes apply to the funds of any school district, municipality or any department or agency of the municipality. It covers choosing and establishing a depository. This allows for multiple depositories.
• http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.105.htm
• http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.131.htm

This statute applies to all Texas counties and districts. It covers selection and designation of a depository.
• http://www.statutes.legis.state.tx.us/Docs/LG/htm/LG.116.htm

• http://www.statutes.legis.state.tx.us/Docs/ED/htm/ED.51.htm