Texas Statutes
§ 1035.255 — INVESTMENT OF BOND PROCEEDS.
Texas § 1035.255
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 1035.255 (INVESTMENT OF BOND PROCEEDS.) 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. Special District Local Laws Code Code Ann. § 1035.255 (2026).
Text
Sec. 1035.255. INVESTMENT OF BOND PROCEEDS. Until the proceeds from the sale of district bonds are needed to carry out the bond purpose, the proceeds may be:
(1)invested in direct obligations of the United States; or
(2)placed on time deposit.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619 ), Sec. 1.01, eff. April 1, 2011.
Nearby Sections
15
§ 1035.001
DEFINITIONS.§ 1035.002
AUTHORITY FOR CREATION.§ 1035.003
POLITICAL SUBDIVISION.§ 1035.004
DISTRICT TERRITORY.§ 1035.005
CORRECTION OF INVALID PROCEDURES.§ 1035.051
BOARD ELECTION; TERM.§ 1035.052
NOTICE OF ELECTION.§ 1035.053
QUALIFICATIONS FOR OFFICE.§ 1035.055
BOARD VACANCY.§ 1035.056
OFFICERS.§ 1035.057
COMPENSATION; EXPENSES.§ 1035.058
VOTING REQUIREMENT.§ 1035.059
DISTRICT ADMINISTRATOR.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1035.255, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/1035.255.