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

Tex. Special District Local Laws Code § 1076.159: INVESTMENT OF DISTRICT MONEY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1076. STARR COUNTY HOSPITAL DISTRICT OF STARR COUNTY, TEXAS
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(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.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

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

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