{"data":{"id":"us-tx/tex.-education-code-45.162","jurisdiction":"us-tx","citation":"Tex. Education Code § 45.162","heading":"INVESTMENT OF BOND PROCEEDS.","body":"In addition to other powers, an authority may invest the proceeds of its bonds, until that money is needed, in the direct obligations of or obligations unconditionally guaranteed by the United States, to the extent authorized in the bond resolution or trust indenture or in both.\nAdded by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.","path":["EDUCATION CODE","TITLE 2. PUBLIC EDUCATION","SUBTITLE I. SCHOOL FINANCE AND FISCAL MANAGEMENT","CHAPTER 45. SCHOOL DISTRICT FUNDS","SUBCHAPTER F. ATHLETIC STADIUM AUTHORITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.45.htm#45.162","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"160e4d95f78799e17a4693f0d8f38f22e20db9680430d6142f259b3cbe914369","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-45.161","next":"us-tx/tex.-education-code-45.163"},"notice":"GroundRules: Original legal text. Not legal advice."}