Tex. Loc. Gov't Code § 140.002
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A political subdivision that has a balance remaining in any of its accounts at the end of a fiscal year may invest the balance in defense bonds or other obligations of the United States. If those funds are needed, the political subdivision shall sell or redeem the federal obligations in which the funds are invested and shall deposit the proceeds of the obligations in the account from which they were originally drawn.
Tex. Loc. Gov't. Code § 140.002