Sec. 313.053. MINIMUM AMOUNTS OF QUALIFIED INVESTMENT. For each category of school district established by Section 313.052, the minimum amount of a qualified investment under Section 313.021(2)(A)(iv)(a) is as follows:
CATEGORY | MINIMUM QUALIFIED INVESTMENT | |||
I | $30 million | |||
II | $20 million | |||
III | $10 million | |||
IV | $5 million | |||
V | $1 million |
Added by Acts 2001, 77th Leg., ch. 1505, Sec. 1, eff. Jan. 1, 2002.