Untitled Texas Attorney General Opinion

July 26, 1988 Honorable 0. Ii. '*Ike@'Harris Opinion No. JM-932 Chairman Economic Development Committee Re: Whether l*local govern- Texas State Senate ments," as defined in the P. 0. Box 12068 Interlocal Cooperation Act, Austin, Texas 78711 article 4413(32c), V.T.C.S., may pool their funds for purposes of an authorized investment (RQ-1360j Dear Senator Harris: You ask whether the Interlocal Cooperation Act, article 4413(32c), V.T.C.S., authorizes local governments as defined in the act to pool and jointly invest their public funds in investments authorized by other law and to create an agency…