Tex. Water Code § 17.083
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The board may invest any money credited to the development fund and not immediately required for its intended use and money in the interest and sinking fund and in the economically distressed areas interest and sinking fund, including the reserve portions of the interest and sinking fund and the economically distressed areas interest and sinking fund, in investments authorized by law for state deposits under Section 404.024, Government Code.
Tex. Water Code § 17.083