Sec. 30.065. INVESTMENT OF PROCEEDS. Pending their use, proceeds from the sale of bonds may be invested in securities or time deposits as specified in the resolution authorizing the issuance of the bonds or the trust indenture securing the bonds. The earnings on these investments shall be applied as provided in the resolution or trust indenture.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle D - Water Quality Control
Chapter 30 - Regional Waste Disposal
Subchapter C. District Revenue Bonds
Section 30.051. Issuance of Bonds
Section 30.052. Form, Denomination, Interest Rate
Section 30.053. Refunding Bonds
Section 30.054. Sale or Exchange of Bonds
Section 30.056. Attorney General's Examination
Section 30.057. Registration by Comptroller
Section 30.058. Validation Suit
Section 30.059. Bonds Incontestable
Section 30.060. Negotiable Instruments
Section 30.061. Investment Securities Under Uniform Commercial Code
Section 30.062. Bonds as Authorized Investments
Section 30.063. Security for Deposits
Section 30.064. Funds Set Aside From Bond Proceeds