TEXAS — In a show of solidarity with Israel as the war with Hamas rages on, the state of Texas has purchased an additional $20 million in Israel bonds, according to Texas Comptroller Glenn Hegar.

Hegar’s office said the purchase will provide “liquidity to Israel as it defends itself against Hamas.”

What You Need To Know

  • Texas has purchased another $20 million in Israel bonds, Comptroller Glenn Hegar said 

  • The purchase comes as Israel is at war with Hamas following a weekend attack
  • Texas has been purchasing the bonds since 1994 and holds nearly $100 million in them

  •  “For nearly 30 years, Israel bonds have been a key component of our investment portfolio at the state's treasury, providing a reliable return for the people of Texas," Hegar said

“Texas has long had a deep spiritual, political and economic connection to Israel and the Israeli people,” Hegar said. “They are our friend and ally, and Texas supports their right to defend their people against these cowardly terrorists. We will stand with them, and we will provide them with the financial liquidity needed to respond to the atrocities we’ve all witnessed.”

Hegar said that since 1994, Texas has invested in Israel bonds annually and with the latest purchase will hold nearly $100 million in them. The fixed-rate bonds mature within five years and carry an interest rate of 5.74%, he continued.

“The state of Israel is a solid investment,” Hegar said. “For nearly 30 years, Israel bonds have been a key component of our investment portfolio at the state's treasury, providing a reliable return for the people of Texas. As a Texas taxpayer, I am proud to support our ally, and as your Comptroller, I am confident this is a prudent financial decision for the state of Texas.”

Last week, Gov. Greg Abbot directed the Texas Department of Public Safety to work with local partners and federal intelligence agencies on heightened public safety measures.

DPS said that although it is not aware of any specific, credible threats to Jewish Texans, it is concerned that the recent attack on Israel and subsequent war with Hamas could inspire homegrown extremists and foreign terrorist organizations operating in the U.S.