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Texas Water Code - WATER § 55.519. Investment of Sinking Funds

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

The board may invest sinking funds of the district in bonds of the United States, the State of Texas, any county, any incorporated city or town, any independent school district, or any school district authorized to issue bonds, or they may invest the funds in irrigation or water improvement bonds.  The board may not purchase any bonds which under their terms would mature subsequent to the maturity date of bonds for which the sinking fund was created.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 55.519. Investment of Sinking Funds - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-55-519/

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