Sec. 351.147. INVESTMENTS. (a) Funds of the district may be invested and reinvested by the board or its authorized representative in direct or indirect obligations of the United States, the state, or any county, municipality, school district, or other political subdivision of the state.
(b) Funds of the district may be placed in certificates of deposit of state or national banks or state or federal savings and loan associations within the state provided that they are secured in the manner provided for the security of the funds of counties of the state.
(c) The board by resolution may provide that an authorized representative of the district may invest and reinvest the funds of the district and provide for money to be withdrawn from the appropriate accounts of the district for investments on such terms as the board considers advisable.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 74(a), eff. Aug. 28, 1989.
Structure Texas Statutes
Subtitle B - County Public Safety
Chapter 351 - County Jails and Law Enforcement
Section 351.122. Eligible Counties; Purpose; Boundaries
Section 351.125. Granting or Denying Petition
Section 351.126. Appointment of Temporary Directors
Section 351.127. Confirmation Election
Section 351.128. Bond and Tax Proposition
Section 351.129. Board of Directors
Section 351.130. Method of Election; Staggered Terms; Term of Office; Election Date
Section 351.131. Oath; Compensation; Officers; Quorum
Section 351.132. General Manager; Employees
Section 351.133. District Office; Meetings; Minutes; Records; Seal
Section 351.134. Contracts; Suits; Payment of Judgment; Insurance
Section 351.135. General Powers
Section 351.136. Acquisition of Property for Site; Lease; Eminent Domain
Section 351.137. Construction Contracts
Section 351.138. Contractor's Bond
Section 351.139. Monitoring Construction Work
Section 351.140. Payment for Construction Work
Section 351.141. Final Approval and Conveyance by Board
Section 351.142. Responsibilities of Receiving County
Section 351.143. Changes and Additions to Facilities
Section 351.144. Contracts for Purchase of Vehicles, Equipment, and Supplies Over $5,000
Section 351.145. Fiscal Year; Annual Audit; Annual Budget
Section 351.148. Repayment of Organizational Expenses
Section 351.149. Issuance of Bonds
Section 351.150. Manner of Repayment of Bonds
Section 351.151. Bond and Tax Election
Section 351.152. Form of Bonds
Section 351.153. Provisions of Bonds
Section 351.154. Approval by Attorney General; Registration by Comptroller
Section 351.155. Refunding Bonds
Section 351.156. Bonds as Investments; Bonds as Security for Deposits
Section 351.157. Tax Status of Bonds