Texas Attorney General Opinion: DM-96 Page: 1 of 6
The following text was automatically extracted from the image on this page using optical character recognition software:
Office of the Zttornep generall
*tate of Texas
ATTORNEY GENERAL March 13, 1992
Honorable James F. Hury, Jr. Opinion No. DM-96
Ways and Means Committee Re: Authority of a commissioners court
Texas House of Representatives to designate an agent to invest county
P. O. Box 2910 funds (RQ-227)
Austin, Texas 78768-2910
Dear Representative Hury:
You have requested our opinion on a number of questions involving the
investment of county funds. You first ask whether the commissioners court may
remove the county treasurer from the investment process.
Section 116.112 of the Local Government Code provides:
(a) The commissioners court may direct the county
treasurer to withdraw any county funds deposited in a county
depository that are not immediately required to pay obligations
of the county and invest those funds as provided by this section
unless such an investment or withdrawal is prohibited by law or
the withdrawal is contrary to the terms of the depository
(b) The funds may be invested in accordance with the
Public Funds Investment Act of 1987 (Article 842a-2, Vernon's
Texas Civil Statutes). In addition to the obligations, certificates,
and agreements described by that Act, the funds may be
invested in certificates of deposit issued by a state or federal
savings and loan association domiciled in this state, the payment
of which is insured in full by the Federal Savings and Loan
Insurance Corporation or its successor.
Here’s what’s next.
This text can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Text.
Texas. Attorney-General's Office. Texas Attorney General Opinion: DM-96, text, 1992; (texashistory.unt.edu/ark:/67531/metapth273905/m1/1/: accessed February 23, 2019), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.