Sec. 8845.153. INVESTMENT OF DISTRICT MONEY. (a) District money may be invested by the board or its authorized representative in direct or indirect obligations of the United States, the state, or any political subdivision of the state.
(b) District money may be placed in certificates of deposit of state or national banks or savings and loan associations in this state, if that money is secured in the manner provided for the security of county funds.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.03, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle H - Districts Governing Groundwater
Chapter 8845 - Irion County Water Conservation District
Subchapter D. General Financial Provisions
Section 8845.151. Maintenance and Operations Tax; Election
Section 8845.152. Notice; Hearing; Adoption of Budget
Section 8845.153. Investment of District Money
Section 8845.154. Annual Audit
Section 8845.155. Borrowing Money