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Tex. Gov't Code § 1506.059

INVESTMENT OF SINKING FUND

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

The sinking fund for bonds issued under this subchapter may be invested in securities that are permitted by law for the investment of sinking funds for other municipal bonds.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.