Texas Health and Safety Code 713.023 – Use of Funds
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(a) The trustee may invest the fund in interest-bearing bonds or federal, state, or local government securities.
(b) The principal of the fund must be kept intact as a permanent principal trust fund.
Terms Used In Texas Health and Safety Code 713.023
- Trustee: A person or institution holding and administering property in trust.
(c) The income or revenue of the fund may be used only for maintenance of a neglected or unkept public or private cemetery in the county.