INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS.

Tex. SPEC. DIST. LOCAL LAWS Code § 1111.206.
in effect
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Until general obligation bond proceeds are needed to carry out the bond purpose, the proceeds may be: (1) invested in direct obligations of the United States; or (2) placed on time deposit. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147 ), Sec. 1.01, eff. April 1, 2013.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026