Sec. 1057.206. INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. Until the proceeds from the sale of general obligation 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1057 - Matagorda County Hospital District of Matagorda County, Texas
Section 1057.201. General Obligation Bonds
Section 1057.202. Tax to Pay General Obligation Bonds
Section 1057.203. General Obligation Bond Election
Section 1057.204. Maturity of General Obligation Bonds
Section 1057.205. Execution of General Obligation Bonds
Section 1057.206. Investment of General Obligation Bond Proceeds