Tex. Health & Safety Code 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 (Public Funds Investment), Government Code; and

(2)

in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 154 (S.B. 233), Sec. 1, eff. September 1, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 581 (H.B. 3333), Sec. 1, eff. September 1, 2015.

Source: Section 262.039 — Investment of Authority Funds, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­262.­htm#262.­039 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 262.039’s source at texas​.gov