Sec. 1111.206. INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. Until general obligation bond proceeds 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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1111 - Walker County Hospital District
Section 1111.201. General Obligation Bonds
Section 1111.202. Tax to Pay General Obligation Bonds
Section 1111.203. General Obligation Bond Election
Section 1111.204. Maturity of General Obligation Bonds
Section 1111.205. Execution of General Obligation Bonds
Section 1111.206. Investment of General Obligation Bond Proceeds