yourstate.us
Home / Texas / Special District Local Laws Code
Tex. Special District Local Laws Code § 1035.255

INVESTMENT OF BOND PROCEEDS

Texas · Texas Special District Local Laws Code · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
Tex. Special District Local Laws Code § 1035.255, INVESTMENT OF BOND PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/586805
Permanent ID
ys:prov:586805@1
SHA-256
a44ac7adba92561df9c983adf7b3a863adde76c1d415ec37569a8cdd91fb99c5

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Until the proceeds from the sale of district bonds are needed to carry out the bond purpose, the proceeds may be: (1) invested in direct obligations of the United States; or (2) placed on time deposit.