Sec. 1002.305.  INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS.  Any part of the proceeds of general obligation bonds, until they are needed for the purpose for which the bonds were issued, may be invested in securities of the United States or placed on time deposit or in certificates of deposit.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.