105.071 – CHARACTER AND AMOUNT OF DEPOSITS. (a) The
Texas Local Government Code § 105.071
Summary
This law allows municipal governing bodies to decide how much of their funds will be held as demand deposits. It also permits municipalities to invest remaining funds according to their investment policies, ensuring flexibility in managing municipal finances.
Municipalities can designate demand deposit amounts.
Allows for other investments per municipal policy.
Empowers designated officers to manage contracts.
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In simple terms: Learn about Texas's CHARACTER AND AMOUNT OF DEPOSITS. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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