Texas Water Code

§ 20.018 — GENERAL FISCAL AUTHORITY

WA § 20.018Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 20. TEXAS WATER RESOURCES FINANCE AUTHORITY · Art. B. ADMINISTRATIVE PROVISIONS

Statute text

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The board may acquire, hold, invest and reinvest in authorized investments, deposit, use, and dispose of the authority's revenues, income, receipts, funds, and money from every source and may select its depository or depositories, inside or outside the state, subject only to this chapter and any covenants with respect to the authority's bonds.

Legislative history

Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.