{"data":{"id":"us-tx/tex.-health-and-safety-code-262.039","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 262.039","heading":"INVESTMENT OF AUTHORITY FUNDS.","body":"(a) This section applies only to an authority that:\n(1) is located in:\n(A) a county with a population of 2.4 million or more; or\n(B) a municipality with a population of less than 30,000;\n(2) has assets that exceed the amount of any outstanding bonds issued under Subchapter D; and\n(3) does not operate a hospital.\n(b) Notwithstanding any other law, an authority may invest authority funds:\n(1) as provided by Chapter 2256, Government Code; and\n(2) in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 154 (S.B. 233), Sec. 1, eff. September 1, 2013.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 581 (H.B. 3333), Sec. 1, eff. September 1, 2015.\nActs 2025, 89th Leg., R.S., Ch. 349 (H.B. 3788), Sec. 4, eff. September 1, 2025.","path":["HEALTH AND SAFETY CODE","TITLE 4. HEALTH FACILITIES","SUBTITLE C. LOCAL HOSPITALS","CHAPTER 262. MUNICIPAL HOSPITAL AUTHORITIES","SUBCHAPTER C. POWERS AND DUTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm#262.039","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"5b6ee01e835aea285ee4ccbb06e56dcfc77b446ee5c4b20f717c80373b1724df","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-262.038","next":"us-tx/tex.-health-and-safety-code-262.041"},"notice":"GroundRules: Original legal text. Not legal advice."}