Tex. Health & Safety Code § 262.039

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 262.039 - Investment of Authority Funds

(a) This section applies only to an authority that:

(1) is located in:

(A) a county of 2.4 million or more; or

(B) a municipality of less than 15,000;

(2) has assets that exceed the amount of any outstanding bonds issued under Subchapter D; and

(3) does not operate a hospital.

(b) Notwithstanding any other law, an authority may invest authority funds:

(1) as provided by Chapter 2256, Government Code; and

(2) in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.

Tex. Health and Safety Code § 262.039

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 581,Sec. 1, eff. 9/1/2015.

Added by Acts 2013, 83rd Leg. - Regular Session, ch. 154,Sec. 1, eff. 9/1/2013.