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STATUTORY GUIDELINES

Statutes controlling public funds investment and depositories in Texas are found in the Government Code and Local Government Code. Copies of the primary Acts, as amended, are provided below along with a link to the Texas Legislative website. In addition, links to other states investment laws for public entities are included below.

TEXAS INVESTMENT LAW

Texas Public Funds Investment Act 2011
    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 COLLATERAL LAW

Texas Public Funds Collateral Act 2013
    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 DEPOSITORY LAW

Municipal Fund Depositories
    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.
County Depositories
    This statute applies to all Texas counties and districts. It covers selection and designation of a depository.
Higher Education Depositories


Links to other state investment laws:
ArizonaArizona State Public Investment Laws
CaliforniaCalifornia State Public Investment Laws
ColoradoColorado State Public Investment Laws
FloridaFlorida State Public Investment Laws
IllinoisIllinois State Public Investment Laws
New MexicoNew Mexico State Public Investment Laws
OklahomaOklahoma State Public Investment Laws
 
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