Sec. 1076.159. INVESTMENT OF DISTRICT MONEY. (a) The law applicable to municipalities with respect to security for and investment of money governs, as applicable, the investment of district money. The bond order, resolution, or trust indenture may further restrict the investment.
(b) To the extent authorized in the bond order, resolution, or trust indenture and until the money is needed, the district may invest the proceeds of district bonds in direct obligations of or obligations unconditionally guaranteed by the United States.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1076 - Starr County Hospital District of Starr County, Texas
Subchapter D. General Financial Provisions
Section 1076.152. Proposed Budget: Notice and Hearing
Section 1076.154. Annual Audit
Section 1076.155. Financial Report
Section 1076.156. Projects and Purchases Exempt From Assessment or Taxation