Sec. 8104.253. INVESTMENT AUTHORITY. The authority may invest:
(1) money held in any sinking fund, reserve fund, or other fund; or
(2) money not required for immediate use or disbursement in the securities as provided by this chapter.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8104 - Baytown Area Water Authority
Subchapter F. General Financial Provisions
Section 8104.252. Authority Depository
Section 8104.253. Investment Authority
Section 8104.254. Rents, Rates, Fees, and Charges