Sec. 53A.42. INVESTMENT OF FUNDS; SECURITY. To the extent it is applicable, the law as to the security for and the investment of funds, applicable to cities, controls the investment of funds belonging to authority. The bond resolution or the indenture or both may further restrict the making of investments. The authority may invest the proceeds of its bonds, until the 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 indenture or in both.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53A - Higher Education Facility Authorities for Private Schools
Subchapter C. Powers and Duties
Section 53A.31. No Taxing Power
Section 53A.32. No Power of Eminent Domain
Section 53A.33. Limited Power to Acquire, Own, and Operate Educational and Housing Facilities
Section 53A.331. Refinancing Facilities
Section 53A.35. Issuance of Bonds; Procedure; Etc
Section 53A.36. Bond Resolution; Notice; Election
Section 53A.37. Junior Lien Bonds; Parity Bonds
Section 53A.38. Reserves for Operating and Other Expenses
Section 53A.39. Refunding Bonds
Section 53A.40. Approval of Bonds; Registration; Negotiability
Section 53A.41. Authorized Investments
Section 53A.42. Investment of Funds; Security
Section 53A.44. Operation of Facilities; Rates Charged; Reserve Funds
Section 53A.45. Transactions With Other Agencies and Persons
Section 53A.46. Authority Exempt From Taxation
Section 53A.48. Bonds for Accredited Primary or Secondary Schools
Section 53A.49. Bonds for Certain Schools Owned and Operated by Nonprofit Corporations