Texas Statutes
§ 2256.0202 — AUTHORIZED INVESTMENTS: MUNICIPAL FUNDS FROM MANAGEMENT AND DEVELOPMENT OF MINERAL RIGHTS.
Texas § 2256.0202
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 2256.0202 (AUTHORIZED INVESTMENTS: MUNICIPAL FUNDS FROM MANAGEMENT AND DEVELOPMENT OF MINERAL RIGHTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 2256.0202 (2026).
Text
Sec. 2256.0202. AUTHORIZED INVESTMENTS: MUNICIPAL FUNDS FROM MANAGEMENT AND DEVELOPMENT OF MINERAL RIGHTS.
(a)In addition to other investments authorized under this subchapter, a municipality may invest funds received by the municipality from a lease or contract for the management and development of land owned by the municipality and leased for oil, gas, or other mineral development in any investment authorized to be made by a trustee under Subtitle B, Title 9, Property Code (Texas Trust Code).
(b)Funds invested by a municipality under this section shall be segregated and accounted for separately from other funds of the municipality.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 1371 (S.B. 894 ), Sec. 1, eff. September 1, 2009.
Nearby Sections
15
§ 2256.001
SHORT TITLE.§ 2256.002
DEFINITIONS.§ 2256.004
APPLICABILITY.§ 2256.006
STANDARD OF CARE.§ 2256.008
INVESTMENT TRAINING; LOCAL GOVERNMENTS.§ 2256.014
AUTHORIZED INVESTMENTS: MUTUAL FUNDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2256.0202, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/2256.0202.