Tex. Spec. Dist. Local Laws Code § 8845.153 · Subchapter D. GENERAL FINANCIAL PROVISIONS
INVESTMENT OF DISTRICT MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) District money may be invested by the board or its authorized representative in direct or indirect obligations of the United States, the state, or any political subdivision of the state.
(b) District money may be placed in certificates of deposit of state or national banks or savings and loan associations in this state, if that money is secured in the manner provided for the security of county funds.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.03, eff. April 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8845.htm
- Text hash
- sha256 5ff2b5ee8bd0bfedd4c3b9034da4b70dad103335a3ddfeda65a2aa2091229384
- 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.