Sec. 392.057. INVESTMENT OF FUNDS. An authority may invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities in which a savings bank may legally invest funds subject to its control.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle C - Planning and Development Provisions Applying to More Than One Type of Local Government
Chapter 392 - Housing Authorities Established by Municipalities and Counties
Subchapter D. Powers and Duties of a Housing Authority
Section 392.051. General Powers
Section 392.052. Operation, Construction, and Leasing of Housing Projects
Section 392.0525. Letter of Credit Accepted in Lieu of Payment and Performance Bonds
Section 392.053. Public Meeting on Proposed Housing Project
Section 392.054. Notice of Public Meeting
Section 392.055. Rentals and Tenant Selection
Section 392.056. Acquisition, Use, and Disposition of Real and Personal Property
Section 392.0565. Purchases Made Under Federal Procurement Program
Section 392.057. Investment of Funds
Section 392.058. Research and Investigation
Section 392.059. Cooperation With Other Governmental Entities or Housing Authorities
Section 392.061. Eminent Domain
Section 392.063. Projects for Farmers of Low Income
Section 392.064. Corporate Name of Regional Housing Authority
Section 392.065. Miscellaneous Powers