Texas Statutes
§ 262.039 — INVESTMENT OF AUTHORITY FUNDS.
Texas § 262.039
JurisdictionTexas
Code HSHealth and Safety Code
This text of Texas § 262.039 (INVESTMENT OF AUTHORITY FUNDS.) 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. Health and Safety Code Code Ann. § 262.039 (2026).
Text
Sec. 262.039. INVESTMENT OF AUTHORITY FUNDS.
(a)This section applies only to an authority that:
(1)is located in:
(A)a county with a population of 2.4 million or more; or
(B)a municipality with a population of less than 30,000;
(2)has assets that exceed the amount of any outstanding bonds issued under Subchapter D; and
(3)does not operate a hospital.
(b)Notwithstanding any other law, an authority may invest authority funds:
(1)as provided by Chapter 2256 , Government Code; and
(2)in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.
SUBCHAPTER D. BONDS
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Legislative History
Added by Acts 2013, 83rd Leg., R.S., Ch. 154 (S.B. 233 ), Sec. 1, eff. September 1, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 581 (H.B. 3333 ), Sec. 1, eff. September 1, 2015.
Acts 2025, 89th Leg., R.S., Ch. 349 (H.B. 3788 ), Sec. 4, eff. September 1, 2025.
Nearby Sections
15
§ 262.001
SHORT TITLE.§ 262.002
DEFINITIONS.§ 262.003
CREATION.§ 262.004
TAX EXEMPTION.§ 262.005
DISSOLUTION.§ 262.011
BOARD OF DIRECTORS.§ 262.013
OFFICERS.§ 262.014
AUTHORITY OF BOARD.§ 262.015
COMPENSATION.§ 262.021
GENERAL POWERS.§ 262.0225
AUTHORITY TO BORROW MONEY.§ 262.023
EMPLOYEES.§ 262.024
MANAGEMENT AGREEMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 262.039, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/HS/262.039.