Pending their use, proceeds from the sale of bonds may be invested in securities or time deposits as specified in the resolution authorizing the issuance of the bonds or the trust indenture securing the bonds. The earnings on these investments shall be applied as provided in the resolution or trust indenture.
Tex. Water Code § 30.065
INVESTMENT OF PROCEEDS
Known as the Regional Waste Disposal Act
The act spans §§ 30–30 (42 sections).
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, 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.