Tex. Spec. Dist. Local Laws Code § 1057.206 · Subchapter E. BONDS
INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Until the proceeds from the sale of general obligation 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 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.1057.htm
- Text hash
- sha256 d191eedba48f98bd7dd3554e2ad8da25040da120f3c06a0b417fe81eccc419e9
- 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.