{"data":{"id":"us-tx/tex.-government-code-2256.0208","jurisdiction":"us-tx","citation":"Tex. Government Code § 2256.0208","heading":"LOCAL GOVERNMENT INVESTMENT OF BOND PROCEEDS AND PLEDGED REVENUE.","body":"(a) In this section, \"pledged revenue\" means money pledged to the payment of or as security for:\n(1) bonds or other indebtedness issued by a local government;\n(2) obligations under a lease, installment sale, or other agreement of a local government; or\n(3) certificates of participation in a debt or obligation described by Subdivision (1) or (2).\n(b) The investment officer of a local government may invest bond proceeds or pledged revenue only to the extent permitted by this chapter, in accordance with:\n(1) statutory provisions governing the debt issuance or the agreement, as applicable; and\n(2) the local government's investment policy regarding the debt issuance or the agreement, as applicable.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 1133 (H.B. 2706), Sec. 4, eff. September 1, 2019.","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#2256.0208","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"ef0901ba818c27aa0d816de59c4c8d450a3091b5630f33d114df933145780dbb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2256.0207","next":"us-tx/tex.-government-code-2256.021"},"notice":"GroundRules: Original legal text. Not legal advice."}