Sec. 1002.305. INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. Any part of the proceeds of general obligation bonds, until they are needed for the purpose for which the bonds were issued, may be invested in securities of the United States or placed on time deposit or in certificates of deposit.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1002 - Angleton-Danbury Hospital District of Brazoria County, Texas
Section 1002.301. General Obligation Bonds
Section 1002.302. Taxes to Pay General Obligation Bonds
Section 1002.303. General Obligation Bond Election
Section 1002.304. Execution of General Obligation Bonds
Section 1002.305. Investment of General Obligation Bond Proceeds