Tex. Spec. Dist. Local Laws Code Section 7807.154
Investment of District Money

District money may be invested by the board, the treasurer, or another qualified representative of the district in direct or indirect obligations of the United States, the state, or any political subdivision of the state, or may be placed in certificates of deposit of state or national banks or savings and loan associations in this state, if that money is secured in the manner provided for the security of county funds.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.

Source: Section 7807.154 — Investment of District Money, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7807.htm#7807.154 (accessed Apr. 29, 2024).

7807.001
Definitions 7807.002
Nature of District 7807.003
Dissolution and Abolition of District 7807.051
Composition of Board 7807.052
Qualifications for Office 7807.053
Director’s Bond 7807.054
Board Vacancy 7807.055
Officers and Assistants 7807.056
Secretary’s Duties 7807.057
Compensation 7807.058
Board Procedures 7807.059
Meeting Place 7807.101
Levee Improvement District Powers 7807.102
Exclusion or Annexation of Land 7807.103
Eminent Domain 7807.104
Cost of Relocating or Altering Property 7807.105
Contracts for Facilities and Improvements 7807.106
Construction Contracts: Municipal Approval Required 7807.107
Construction Contracts: Award 7807.108
Construction Contracts: Execution and Availability 7807.109
Construction Contracts: Payment 7807.110
Flood Hazard Areas 7807.111
Setback Lines 7807.112
District Elections 7807.151
Tax Method 7807.152
Tax Assessor and Collector 7807.153
Depository 7807.154
Investment of District Money 7807.201
Authority to Issue Bonds 7807.202
Form of Bonds 7807.203
Maturity 7807.204
Election Required 7807.205
Use of Bond Proceeds 7807.206
Taxes for Bonds 7807.207
Bond Anticipation Notes and Preliminary Bonds 7807.208
Refunding Bonds

Accessed:
Apr. 29, 2024

§ 7807.154’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_7807.154

Original Source: Section 7807.154 — Investment of District Money, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7807.htm#7807.154 (last accessed Apr. 29, 2024).