Requires local governments to invest at least 35% of available funds in Texas banks.
This bill amends the Texas Government Code to mandate that local governments invest at least 35% of their available funds in authorized investments within Texas banks. The authorized investments are specified in Sections 2256.009(a)(7) or (8) or 2256.010. The changes will take effect on January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.