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Texas Special District Local Laws Code

§ 1002.305 — INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS

SD § 1002.305Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1002. ANGLETON-DANBURY HOSPITAL DISTRICT OF BRAZORIA COUNTY, TEXAS · Art. G. BONDS

Statute text

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Any part of the proceeds of general obligation bonds, until they are needed for the purpose for which the bonds were issued, may be invested in securities of the United States or placed on time deposit or in certificates of deposit.

Legislative history

Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.

Source: Texas Special District Local Laws Code § 1002.305 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.