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Legal Opinion

Opinion No.

Texas Attorney General Reports

Decided May 28, 1981Published

1Opinion of the Court

Honorable O. H. `Ike' Harris Chairman Economic Development Committee Texas State Senate Austin, Texas 78711

Re: Whether cities may invest their funds in United States Treasury Bills and Notes instead of city depositories

Dear Senator Harris:

You have asked us several questions concerning the authority of cities, including home rule cities, to invest their funds in United States Treasury Bills and Treasury Notes rather than maintaining them in time deposits in the city depository selected in accordance with article 2559-2566a, V.T.C.S.

Your first question is as follows:(1) Are city officials…

2Cases cited7 opinions

  1. Langever v. MillerTexas Supreme Court · 1934
  2. Winder Brothers v. R. S. SterlingTexas Supreme Court · 1929
  3. Ex Parte ErnestCourt of Criminal Appeals of Texas · 1939
  4. Sullivan v. City of GalvestonCourt of Appeals of Texas · 1928
  5. Sullivan v. City of GalvestonTexas Commission of Appeals · 1931

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