The investment of and security for authority funds is governed, to the extent applicable, by the law governing investment of and security for a county's funds. The bond resolution or trust indenture may provide further restrictions on the investment.
Tex. Loc. Gov't Code § 293.029
INVESTMENT OF FUNDS
Known as the County Building Authority Act
The act spans §§ 293.001 to 293.056 (24 sections).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.