Tex. Loc. Gov't Code § 392.057
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An authority may invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities in which a savings bank may legally invest funds subject to its control.
Tex. Loc. Gov't. Code § 392.057