Texas Special District Local Laws Code 1010.156 – Investment of District Money
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Terms Used In Texas Special District Local Laws Code 1010.156
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
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.