Texas Special District Local Laws Code 1035.255 – Investment of Bond Proceeds
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Special District Local Laws Code 1035.255
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
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.