Tex. Spec. Dist. Local Laws Code § 1035.255 · Subchapter F. BONDS

INVESTMENT OF BOND PROCEEDS.

Verbatim from the official edition

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

Until the proceeds from the sale of district 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.

Notes and commentary — not statutory text

History

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1035.htm
Text hash: sha256 14e2fd5941464a749a46e575652c2d747458fdd63344ec214d5b22461b5f21c7
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.