Texas Education Code - Section 53B.42. Investment Of Funds; Security
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§ 53B.42. INVESTMENT OF FUNDS; SECURITY. To the extent
it is applicable, the law as to the security for and the investment
of funds, applicable to cities, controls the investment of funds
belonging to authority. The bond resolution or the indenture or
both may further restrict the making of investments. The authority
may invest the proceeds of its bonds, until the money is needed, in
the direct obligations of or obligations unconditionally
guaranteed by the United States, to the extent authorized in the
bond resolution or indenture or in both.
Added by Acts 2005, 79th Leg., ch. 641, § 2, eff. Sept. 1, 2005.
Section: 53B.32 53B.35 53B.37 53B.38 53B.39 53B.40 53B.41 53B.42 53B.43 53B.45 53B.47 160.01 160.02 160.03 160.04
Last modified: August 10, 2007
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