Tex. Water Code § 53.187 · Subchapter F. BOND AND TAX PROVISIONS
INVESTMENT OF SINKING FUND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may invest the district's sinking funds in county, municipal, district, or other bonds in which other sinking funds may by law be invested. The board may also invest the sinking funds in bonds of the series to which the funds apply, if the bonds are offered for redemption before maturity on terms the board deems advantageous to the district.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 418, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.53.htm
- Text hash
- sha256 56f2ee7c80d13d507ee2abd86cbba0df457be1518dbd9fbc793e54dceab5abd2
- 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.