Sec. 1035.255. INVESTMENT OF BOND PROCEEDS. 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1035 - Dewitt Medical District
Section 1035.251. General Obligation Bonds
Section 1035.252. Tax to Pay General Obligation Bonds
Section 1035.253. General Obligation Bond Election
Section 1035.254. Execution of Bonds