Tex. Spec. Dists. Code § 1002.305
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Spec. Dist. Loc. Laws § 1002.305