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An issuer authorized to invest proceeds from the sale of a public security, including by placing the proceeds on time deposit, may use money earned from the investment for the purpose for which the public security was issued.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1201.043. Use of Investment Income - last updated April 14, 2021 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1201-043/
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