Texas Water Code

§ 53.187 — INVESTMENT OF SINKING FUND

WA § 53.187Title 4. GENERAL LAW DISTRICTS · Ch. 53. FRESH WATER SUPPLY DISTRICTS · Art. F. BOND AND TAX PROVISIONS

Statute text

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.

Legislative history

Acts 1971, 62nd Leg., p. 418, ch. 58, Sec. 1, eff. Aug. 30, 1971.