Texas Statutes
§ 53.42 — INVESTMENT OF FUNDS; SECURITY.
Texas § 53.42
JurisdictionTexas
Code EDEducation Code
This text of Texas § 53.42 (INVESTMENT OF FUNDS; SECURITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Education Code Code Ann. § 53.42 (2026).
Text
Sec. 53.42. INVESTMENT OF FUNDS; SECURITY. To the extent it is applicable, the law as to the security for and the investment of funds, applicable to cities, controls the investment of funds belonging to authority. The bond resolution or the indenture or both may further restrict the making of investments. The authority may invest the proceeds of its bonds, until the 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 indenture or in both.
Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701 ), Sec. 1, eff. September 1, 2005.
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Legislative History
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Nearby Sections
15
§ 53.01
SHORT TITLE.§ 53.02
DEFINITIONS.§ 53.11
CREATION OF AUTHORITY.§ 53.12
TERRITORY.§ 53.13
CORPORATE POWERS.§ 53.131
AUTHORITY'S EARNINGS.§ 53.14
BOARD OF DIRECTORS.§ 53.31
NO TAXING POWER.§ 53.32
NO POWER OF EMINENT DOMAIN.§ 53.331
REFINANCING FACILITIES.§ 53.34
REVENUE BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 53.42, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/53.42.