Sec. 20.018. GENERAL FISCAL AUTHORITY. The board may acquire, hold, invest and reinvest in authorized investments, deposit, use, and dispose of the authority's revenues, income, receipts, funds, and money from every source and may select its depository or depositories, inside or outside the state, subject only to this chapter and any covenants with respect to the authority's bonds.
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 20 - Texas Water Resources Finance Authority
Subchapter B. Administrative Provisions
Section 20.011. Creation of Authority
Section 20.012. Board of Directors
Section 20.013. Compensation; Reimbursement
Section 20.014. Organization of Board
Section 20.015. Board Meetings
Section 20.016. Rules and Resolutions
Section 20.018. General Fiscal Authority
Section 20.019. Property Tax Exempt
Section 20.020. Fiscal Year; Annual Audit