Sec. 552.074. AUTHORIZED INVESTMENT. A certificate of special assessment issued under this subchapter, including a certificate issued under a joint proceeding under Section 552.072, is a legal and authorized investment for a bank, savings bank, trust company, savings and loan association, insurance company, sinking fund of a municipality, county, school district, or other political subdivision of this state, and for all other public funds of this state or an agency of this state.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Renumbered from Local Government Code, Section 402.074 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(a)(2), eff. April 1, 2009.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.77(11), eff. April 1, 2009.
Structure Texas Statutes
Title 13 - Water and Utilities
Subtitle A - Municipal Water and Utilities
Chapter 552 - Municipal Utilities
Subchapter D. Improvements to Water and Sewer Systems in Certain Municipalities
Section 552.061. Application of Subchapter to Certain Municipalities
Section 552.063. Municipal Authority
Section 552.064. Declaration; Costs; Estimated Assessment
Section 552.065. Assessment Provisions
Section 552.066. Apportionment of Assessments
Section 552.067. Notice of Proposed Improvements; Lien
Section 552.068. Exemptions; Personal Liability for Assessment
Section 552.069. Notice and Hearing Requirements; Appeal
Section 552.070. Change; Abandonment
Section 552.071. Corrections; Reassessments
Section 552.072. Joint Proceedings
Section 552.073. Restrictions in Certain Counties