GroundRules
Tex. Health and Safety Code § 265.051: INVESTMENT OF FUNDS.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE C. LOCAL HOSPITALS
- CHAPTER 265. JOINT MUNICIPAL AND COUNTY HOSPITALS
- SUBCHAPTER D. JOINT COUNTY-MUNICIPAL HOSPITAL BOARDS
(a) The law relating to security for and investment of municipal or county funds applies to hospital board funds. A bond resolution or trust indenture executed for hospital board bonds may further restrict the security for and investment of hospital board funds.
(b) The hospital board may invest, until needed, all or part of its bond proceeds in direct obligations of the United States to the extent authorized in the bond resolution or trust indenture.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON