Sec. 1506.059. INVESTMENT OF SINKING FUND. The sinking fund for bonds issued under this subchapter may be invested in securities that are permitted by law for the investment of sinking funds for other municipal bonds.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle J - Specific Authority for Municipalities to Issue Securities
Chapter 1506 - Bonds for Municipal Parking and Transportation Facilities
Subchapter B. Bonds for Parking Facilities in Home-Rule Municipalities
Section 1506.051. Applicability of Subchapter
Section 1506.052. Authority for Parking Facilities
Section 1506.053. Authority to Establish Improvement Districts and Issue Bonds
Section 1506.055. Form of Bond
Section 1506.056. Sale of Bonds
Section 1506.057. Interest and Sinking Fund Tax
Section 1506.058. Proceeds of Tax
Section 1506.059. Investment of Sinking Fund