Texas § 2256.0203 AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS.

Texas Statutes

§ 2256.0203 — AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS.

Texas § 2256.0203

Code GVGovernment Code

This text of Texas § 2256.0203 (AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS.) 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. Government Code Code Ann. § 2256.0203 (2026).

Text

Sec. 2256.0203. AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS.

(a)In this section, "district" means a navigation district organized under Section 52 , Article III, or Section 59 , Article XVI, Texas Constitution.

(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.

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Sec. 2256.0203. AUTHORIZED INVESTMENTS: PORTS AND NAVIGATION DISTRICTS. (a) In this section, "district" means a navigation district organized under Section 52 , Article III, or Section 59 , Article XVI, Texas Constitution.
(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.