Legal Opinion
Opinion No.
Texas Attorney General Reports
Decided October 31, 1988Published
1Opinion of the Court
Honorable O.H. "Ike" Harris Chairman Economic Development Committee Texas State Senate P.O. Box 12068 Austin, Texas 78711
Re: Whether public funds may be invested in bank-oriented money market mutual funds pursuant to article 842a-2, V.T.C.S. (RQ-1345)
Dear Senator Harris:
Your letter requesting an opinion from this office reads in part:
The 70th Legislature of Texas passed House Bill 1488 enacting The Public Funds Investment Act of 1987, now codified in Article 842a-2, Vernon's Annotated Texas Civil Statutes (the `Act'), in order to grant public bodies an expansion of their investment authority.…
2Cases cited17 opinions
- Investment Company Institute v. CampSupreme Court of the United States · 1971
- Middleton v. Texas Power & Light Co.Texas Supreme Court · 1916
- Lawson v. BakerCourt of Appeals of Texas · 1920
- City of Tyler v. Texas Employers' Ins. Ass'nTexas Commission of Appeals · 1926
- Southern Casualty Co. v. MorganTexas Commission of Appeals · 1929
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