Sec. 265.051. INVESTMENT OF FUNDS. (a) The law relating to security for and investment of municipal or county funds applies to hospital board funds. A bond resolution or trust indenture executed for hospital board bonds may further restrict the security for and investment of hospital board funds.
(b) The hospital board may invest, until needed, all or part of its bond proceeds in direct obligations of the United States to the extent authorized in the bond resolution or trust indenture.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Chapter 265 - Joint Municipal and County Hospitals
Subchapter D. Joint County-Municipal Hospital Boards
Section 265.031. Creation of Board
Section 265.032. Appointment of Board
Section 265.034. Authority of Board
Section 265.037. Hospital Facilities; Other Property
Section 265.038. Contracts for Hospital Services
Section 265.040. Authority to Issue Revenue Bonds
Section 265.041. Terms of Bonds
Section 265.042. Pledge of Security
Section 265.043. Sale and Use of Proceeds
Section 265.044. Parity and Subordinate Lien Bonds
Section 265.045. Notice; Petition for Election
Section 265.046. Refunding Bonds
Section 265.047. Examination, Approval, and Registration of Bonds
Section 265.048. Legal Investments; Security for Deposits
Section 265.049. Charges for Services and Facilities