Sec. 57.215. INVESTMENT OF SINKING FUND. The board or commissioners court of jurisdiction may invest the district's sinking funds in county, municipal, district, or other bonds in which other sinking funds may by law be invested and also may invest the sinking funds in bonds of the series to which the funds apply if the bonds are offered for redemption before maturity on terms considered advantageous to the district.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 57 - Levee Improvement Districts
Subchapter G. Issuance of Bonds
Section 57.201. Power to Issue Bonds
Section 57.207. Declaring Result of Election
Section 57.208. Issuance of Bonds
Section 57.213. Refunding Bonds
Section 57.2131. Alternative Methods of Issuing Refunding Bonds
Section 57.214. Issuance of Refunding Bonds Without an Election
Section 57.215. Investment of Sinking Fund
Section 57.216. Providing for Additional Funds
Section 57.217. Eligibility of District Bonds for Investments and Public Funds