Sec. 45.162. INVESTMENT OF BOND PROCEEDS. In addition to other powers, an authority may invest the proceeds of its bonds, until that money is needed, in the direct obligations of or obligations unconditionally guaranteed by the United States, to the extent authorized in the bond resolution or trust indenture or in both.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Structure Texas Statutes
Subtitle I - School Finance and Fiscal Management
Chapter 45 - School District Funds
Subchapter F. Athletic Stadium Authorities
Section 45.152. Creation of Authority
Section 45.153. Board of Directors
Section 45.154. Construction, Acquisition, and Operation of Stadium
Section 45.156. Contracts With School Districts
Section 45.157. Examination of Bonds by Attorney General
Section 45.158. Charges for Use of Stadium
Section 45.161. Eminent Domain