An authority may invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities in which a savings bank may legally invest funds subject to its control.
Tex. Loc. Gov't Code § 392.057
INVESTMENT OF FUNDS
Known as the Housing Authorities Law
The act spans §§ 392.001 to 392.104 (67 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.