Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 1057.206: INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS.

Where this section sits in the code

Until the proceeds from the sale of general obligation bonds are needed to carry out the bond purpose, the proceeds may be:

(1) invested in direct obligations of the United States; or

(2) placed on time deposit.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Collected 2026-08-27T01:47:41Z. Source file · JSON