Gavvy: Spec. Dist. Loc. Laws Code, Sec. 1111.206. Investment of General Obligation Bond Proceeds.

Add your company name, a link, and a message to this page.

Sec. 1111.206. Investment of General Obligation Bond Proceeds.

Sec. 1111.206. INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. Until general obligation bond proceeds are needed to carry out the bond purpose, the proceeds may be:

(1) invested in direct obligations of the United States; or

(2) placed on time deposit.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Gavvy last updated this database on: Sep 6, 2024