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Tex. Special District Local Laws Code § 8845.153

INVESTMENT OF DISTRICT MONEY

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

Banking, Finance & Insurance
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Tex. Special District Local Laws Code § 8845.153, INVESTMENT OF DISTRICT MONEY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/620275
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(a) District money may be invested by the board or its authorized representative in direct or indirect obligations of the United States, the state, or any political subdivision of the state. (b) District money may be placed in certificates of deposit of state or national banks or savings and loan associations in this state, if that money is secured in the manner provided for the security of county funds.