Untitled Texas Attorney General Opinion

@ffice of toe Plttornep General Mate of Qexarr January 28.1993 DAN MORALES ATTORNEYGENERAL Honorable Jii Tallas Opiion No. DM-202 Chairman Committee on Fiicial Institution Re: Whether the Public Funds Investmeot Act, TexasHouseofRepresentatives V.T.C.S. article 842a-2, authorizes cities, P. 0. Box 2910 counties, and certain other public entities to Austin, Texas 78768-2910 invest public Iimds in mutual ibnds holding only adjustable rate mortgages that United States agencies have issued (RQ-334) DearRepresentativeTallas: You have requested an ioterpmtation of section 2 of the Public Funds…