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TX SB2329

Bill

Official Source

Status

Introduced

3/12/2025

Primary Sponsor

Juan Hinojosa

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Requires local government investment policies to mandate that at least 35 percent of funds available for investment be placed in Texas-based banks

  • Qualifying investments must be in certificates of deposit, savings accounts, deposit accounts, or share certificates at banks located in the state

  • Applies to funds that a local government's governing body determines are available for investment

  • Takes effect January 1, 2026

Legislative Description

Relating to investment of local governments' money in banks located in this state.

County Government

Last Action

Referred to Local Government

3/25/2025

Committee Referrals

Local Government3/25/2025

Full Bill Text

No bill text available