Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 12. PLANNING AND DEVELOPMENT |
Subtitle C. PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT |
Chapter 392. HOUSING AUTHORITIES ESTABLISHED BY MUNICIPALITIES AND COUNTIES |
Subchapter D. POWERS AND DUTIES OF A HOUSING AUTHORITY |
Sec. 392.057. INVESTMENT OF FUNDS
Latest version.
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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.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.