{"data":{"id":"us-tx/tex.-government-code-2256.0203","jurisdiction":"us-tx","citation":"Tex. Government Code § 2256.0203","heading":"AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS.","body":"(a) In this section, \"district\" means a navigation district organized under Section 52, Article III, or Section 59, Article XVI, Texas Constitution.\n(b) In addition to the authorized investments permitted by this subchapter, a port or district may purchase, sell, and invest its funds and funds under its control in negotiable certificates of deposit issued by a bank that has a certificate of deposit rating of at least 1 or the equivalent by a nationally recognized credit rating agency or that is associated with a holding company having a commercial paper rating of at least A-1, P-1, or the equivalent by a nationally recognized credit rating agency.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 804 (H.B. 2346), Sec. 1, eff. September 1, 2011.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT","CHAPTER 2256. PUBLIC FUNDS INVESTMENT","SUBCHAPTER A. AUTHORIZED INVESTMENTS FOR GOVERNMENTAL ENTITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2256.htm#2256.0203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"c3768a9974e801e9baf4386a98782daff5a0006dd0db40c2c10e178e3448b811","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2256.0202","next":"us-tx/tex.-government-code-2256.0204"},"notice":"GroundRules: Original legal text. Not legal advice."}