Any local government may use electronic means to transfer or invest all funds collected or controlled by the local government.
Tex. Gov't Code § 2256.051
ELECTRONIC FUNDS TRANSFER
Known as the Public Funds Investment Act
The act spans §§ 2256.001 to 2256.055 (39 sections).
Added by Acts 1993, 73rd Leg., R.S., Ch. 268 (S.B. 248), Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.