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Legal Opinion

Opinion No.

Texas Attorney General Reports

Decided August 21, 1980Published

1Opinion of the Court

Honorable Jerry (Nub) Donaldson House of Representatives Capitol Building Austin, Texas

Re: Authority of a county to invest in obligations issued by the United States

Dear Representative Donaldson:

You ask whether county governments and subdivisions thereof may withdraw funds from county depository banks and invest them in debt instruments of the federal government. Articles 2544 through 2558a, V.T.C.S., provide for the selection and utilization of a county depository. Article 2549, V.T.C.S., provides that the county treasurer shall transfer to the depository all funds belonging to the county…

2Cases cited10 opinions

  1. Langever v. MillerTexas Supreme Court · 1934
  2. Lawson v. BakerCourt of Appeals of Texas · 1920
  3. Gulf Bitulithic Co. v. Nueces CountyTexas Commission of Appeals · 1928
  4. Hill v. SterrettCourt of Appeals of Texas · 1952
  5. Winder Brothers v. R. S. SterlingTexas Supreme Court · 1929

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