Texas Statutes
§ 55.519 — INVESTMENT OF SINKING FUNDS.
Texas § 55.519
JurisdictionTexas
Code WAWater Code
This text of Texas § 55.519 (INVESTMENT OF SINKING 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. Water Code Code Ann. § 55.519 (2026).
Text
Sec. 55.519. INVESTMENT OF SINKING FUNDS. The board may invest sinking funds of the district in bonds of the United States, the State of Texas, any county, any incorporated city or town, any independent school district, or any school district authorized to issue bonds, or they may invest the funds in irrigation or water improvement bonds. The board may not purchase any bonds which under their terms would mature subsequent to the maturity date of bonds for which the sinking fund was created.
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Legislative History
Acts 1971, 62nd Leg., p. 470, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Nearby Sections
15
§ 55.001
DEFINITIONS.§ 55.021
CREATION OF DISTRICT.§ 55.024
PETITION.§ 55.025
DATE SET FOR HEARING.§ 55.026
NOTICE OF HEARING.§ 55.027
HEARING.§ 55.028
FINDINGS; ORDER.§ 55.029
APPEAL.§ 55.031
VOTING PRECINCTS.§ 55.032
ELECTION OFFICIALS.§ 55.037
DIRECTORS.§ 55.038
ISSUANCE OF NOTES.§ 55.039
RECORDATION OF ORDER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 55.519, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/55.519.