Tex. Spec. Dist. Local Laws Code § 1010.156 · Subchapter D. GENERAL FINANCIAL PROVISIONS

INVESTMENT OF DISTRICT MONEY.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The board may invest district money in:

(1) bonds of the United States, this state, or any political subdivision of this state; or

(2) bonds issued by any agency of the United States if the payment of the principal and interest is guaranteed by the United States.

Notes and commentary — not statutory text

History

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1010.htm
Text hash: sha256 5ae192a554abdc999aeea5f9b016132e7cd9327f80ede3b40f0e5eff1ce01499
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.