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Texas Special District Local Laws Code - SDLL § 1076.159. Investment of District Money

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The law applicable to municipalities with respect to security for and investment of money governs, as applicable, the investment of district money. The bond order, resolution, or trust indenture may further restrict the investment.

(b) To the extent authorized in the bond order, resolution, or trust indenture and until the money is needed, the district may invest the proceeds of district bonds in direct obligations of or obligations unconditionally guaranteed by the United States. (Acts 63rd Leg., R.S., Ch. 118, Sec. 15.)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1076.159. Investment of District Money - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1076-159/

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