Texas § 1096.157 INVESTMENT OF DISTRICT MONEY.

Texas Statutes

§ 1096.157 — INVESTMENT OF DISTRICT MONEY.

Texas § 1096.157

Code SDSpecial District Local Laws Code

This text of Texas § 1096.157 (INVESTMENT OF DISTRICT MONEY.) 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. § 1096.157 (2026).

Text

Sec. 1096.157. 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 resolution or indenture may further restrict the investment.

(b)To the extent authorized in the bond resolution or 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.

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Sec. 1096.157. 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 resolution or indenture may further restrict the investment.
(b) To the extent authorized in the bond resolution or 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.