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<br />1. Depositories <br /> <br />Brazos River Authority cannot directly or indirectly deposit its funds in depositories that have not qualified <br />according to law, but in order to qualify as an official depository, the depository selected need not furnish bonds or <br />pledge securities to protect deposits that are insured by the Federal Deposit Insurance Corporation. Op.Atty.Gen. <br />1987, No. JM-832. <br /> <br />Legal requirements for official depositories have not been altered by Vernon's Ann.Texas Civ.St. art. 4413(34c). <br />Op.Atty.Gen. 1987, No. JM-832. <br /> <br />;1,. Delegation of authority <br /> <br />The 1nterlocal Cooperation Act, article 4413<32c), V.T.eS., does not authorize local governments to delegate to <br />another entity their authority to make investments; nor does article 842a-2. V.T.C.S., or article 4413(34c), authorize <br />such delegation. Op.Atty.Gen.1988, No. JM-932. <br /> <br />~ 2256.056. ReDealed bv Acts 1999. 76th Leg.. ch. 227. ~ 28(b)(1). eff. Sept. I. 1999; Acts 1999, 76th Leg.. ch. <br />350. ~ I. eff. Sept. I. 1999 <br /> <br />HISTORICAL AND STATUTORY NOTES <br /> <br />2000 Main Volume <br /> <br />Section I of Acts 1999, 76th Leg., ch. 227, repealing this section, adopts Title 9 of the Government Code. <br /> <br />For disposition of the subject matter of repealed section, see Disposition Table in volume containing V.T.C.A., <br />Government Code Title 9. <br /> <br />The repealed section, relating to compliance with other laws, was added by Acts. 1997 75th Leg., ch. 1421, ~ 14. <br /> <br />~~ 2256.057 to 2256.059. Deleted bv Acts 1995. 74th Leg.. ch. 402, ~ I. eff. Sept. I. 1995 <br /> <br />I Sections 2256.060 to 2256.100 reserved for expansion I <br /> <br />~~ 2256.101 to 2256.104. Deleted bv Acts 1995, 74th Leg.. ch. 402. ~ I. eff. SePt. I. 1995 <br /> <br />Copr. @West2001 No Claim to Orig. U.S. Gov!. Works <br />