Sec. 21.110. INVESTMENT OF FUNDS. (a) The department may invest the development fund and, in making the investments, is governed by the provisions of Chapter 401, Acts of the 60th Legislature, Regular Session, 1967.
(b) The department may invest the interest and sinking fund only in direct obligations of the United States or in obligations the principal and interest of which are guaranteed by the United States.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Section: Previous 21.022 21.023 21.024 21.025 21.101 21.102 21.103 21.104 21.105 21.106 21.1061 21.107 21.108 21.109 21.110Last modified: September 28, 2016