Sec. 281.060. INVESTMENTS. The board may invest and reinvest authority funds in direct or indirect obligations of the United States, an agency of the United States, the State of Texas, or a county, municipality, school district, or other political subdivision of the state. Funds of the authority may be placed in certificates of deposit of state or national banks or savings and loan associations in the state if the certificates of deposit are secured in the manner provided for the security of county funds.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle A - Municipal Public Buildings and Grounds
Chapter 281 - Municipal Civic Center Authorities
Subchapter D. Powers and Duties
Section 281.041. Organizational Expenses
Section 281.045. Duration of Certain Leases
Section 281.047. Contracts Over $50,000
Section 281.048. Construction Bids; Contracts; Bonds
Section 281.050. Acquisition of Land and Other Property
Section 281.051. Eminent Domain
Section 281.053. Costs, Deposits, and Appeal Bonds
Section 281.054. Costs of Relocation
Section 281.055. Surplus Property
Section 281.056. Addition of Municipalities
Section 281.058. Surety Bond Premiums