Tex. Spec. Dist. Local Laws Code Section 1057.206
Investment of General Obligation Bond Proceeds


Until the proceeds from the sale of general obligation 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.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1057.206 — Investment of General Obligation Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1057.­htm#1057.­206 (accessed May 4, 2024).

Accessed:
May 4, 2024

§ 1057.206’s source at texas​.gov