INVESTMENT OF DISTRICT MONEY
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff
The board may invest district money in:
(1) bonds of the United States, this state, or any political subdivision of this state; or
(2) bonds issued by any agency of the United States if the payment of the principal and interest is guaranteed by the United States.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.