Texas § 1076.159 INVESTMENT OF DISTRICT MONEY.

Texas Statutes

§ 1076.159 — INVESTMENT OF DISTRICT MONEY.

Texas § 1076.159

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1076.159 (2026).

Text

Sec. 1076.159. INVESTMENT OF DISTRICT MONEY.

(a)The law applicable to municipalities with respect to security for and investment of money governs, as applicable, the investment of district money. The bond order, resolution, or trust indenture may further restrict the investment.

(b)To the extent authorized in the bond order, resolution, or trust indenture and until the money is needed, the district may invest the proceeds of district bonds in direct obligations of or obligations unconditionally guaranteed by the United States. SUBCHAPTER E. BONDS

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Sec. 1076.159. INVESTMENT OF DISTRICT MONEY. (a) The law applicable to municipalities with respect to security for and investment of money governs, as applicable, the investment of district money. The bond order, resolution, or trust indenture may further restrict the investment.
(b) To the extent authorized in the bond order, resolution, or trust indenture and until the money is needed, the district may invest the proceeds of district bonds in direct obligations of or obligations unconditionally guaranteed by the United States.
SUBCHAPTER E. BONDS