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Texas Special District Local Laws Code - SDLL § 21.355. Investments

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

(a) The board may place district money in a certificate of deposit of a state or national bank or a state or federal savings and loan association in this state if the money is secured in the manner required for the security of county funds.

(b) The board by resolution may provide that an authorized representative may invest and reinvest district money and provide for money to be withdrawn from the appropriate district accounts for investments on terms the board considers advisable.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 21.355. Investments - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-21-355/

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