Current as of April 14, 2021 | Updated by FindLaw Staff
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Any part of the proceeds of general obligation bonds, until they are needed for the purpose for which the bonds were issued, may be invested in securities of the United States or placed on time deposit or in certificates of deposit.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1002.305. Investment of General Obligation Bond Proceeds - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1002-305.html
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