Texas Transportation Code
§ 441.156 — AUTHORIZED INVESTMENTS
TN § 441.156Title 6. ROADWAYS · Part J. ROAD UTILITY DISTRICTS · Ch. 441. ROAD UTILITY DISTRICTS · Art. H. FINANCIAL PROVISIONS
Statute text
View on source(a)The board may invest the district's money in:
(1)a direct obligation of or obligation guaranteed directly or indirectly by the United States;
(2)an obligation, debenture, note, or other evidence of indebtedness issued or guaranteed directly or indirectly by the Association for Cooperatives, Federal Home Loan Association System, Export-Import Association of the United States, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Farmers' Home Administration, Tennessee Valley Authority, Farm Credit System, or Government National Mortgage Association, or by successor agencies;
(3)an obligation issued by a public agency or municipality and fully secured as to the payment of principal and interest by a pledge of annual contributions under an annual contributions contract with the United States;
(4)a temporary note, preliminary loan note, or project note issued by a public agency or municipality that is fully secured as to the payment of principal and interest by a requisition or payment agreement with the United States;
(5)a direct or general obligation of or obligation guaranteed by this state if the payment of the principal and interest is a general obligation of this state;
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Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.