{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1035.255","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1035.255","heading":"INVESTMENT OF BOND PROCEEDS.","body":"Until the proceeds from the sale of district bonds are needed to carry out the bond purpose, the proceeds may be:\n(1) invested in direct obligations of the United States; or\n(2) placed on time deposit.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1035. DEWITT MEDICAL DISTRICT","SUBCHAPTER F. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1035.htm#1035.255","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"014f66e102f7fecbe6b3ae33a007eaec088813ec433f34e2c34fa95bec544016","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1035.254","next":"us-tx/tex.-special-district-local-laws-code-1035.256"},"notice":"GroundRules: Original legal text. Not legal advice."}