Tex. Aux. Water Laws art. 7880 · Chapter 3. WATER CONTROL AND PRESERVATION DISTRICTS
MAY INVEST SINKING FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The directors are empowered, whenever they deem it advisable, to invest any sinking fund of the district in bonds of the United States, of this State, of any county of Texas, any irrigation or water improvement or navigation bonds, or bonds of any school district in Texas authorized to issue bonds. No bonds shall be so purchased whose terms provide for their maturity at a date subsequent to the time of the maturity of the bonds for the payment of which such sinking fund was created.
Notes and commentary — not statutory text
History
Acts 1918, 35th Leg., 4th C.S., p. 74, ch. 43; Acts 1979, 66th Leg., p. 2317, ch. 841, Sec. 4(j), eff. Jan. 1, 1982.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WL/htm/WL.3.htm
- Text hash
- sha256 052edbc1c34d8ff9fab95cd1fa31ab8c97bc27ae5f1014fce81089575bdf9c4b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.