Tex. Health & Safety Code § 262.039 · Subchapter C. POWERS AND DUTIES
INVESTMENT OF AUTHORITY FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to an authority that:
(1) is located in:
(A) a county with a population of 2.4 million or more; or
(B) a municipality with a population of less than 30,000;
(2) has assets that exceed the amount of any outstanding bonds issued under Subchapter D; and
(3) does not operate a hospital.
(b) Notwithstanding any other law, an authority may invest authority funds:
(1) as provided by Chapter 2256, Government Code; and
(2) in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 154 (S.B. 233), Sec. 1, eff. September 1, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 581 (H.B. 3333), Sec. 1, eff. September 1, 2015.
Acts 2025, 89th Leg., R.S., Ch. 349 (H.B. 3788), Sec. 4, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm
- Text hash
- sha256 b4fac87419de9a038307187b20986dc6f6ea915b64a416398c0d9772576b309e
- 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
This section cites
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