1001.355 – INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS.
Texas Special District Local Laws Code § 1001.355
Summary
This law allows proceeds from the sale of general obligation bonds to be invested in direct obligations of the U.S. government. It primarily affects entities that issue general obligation bonds, providing them with a secure investment option for their proceeds.
Proceeds from general obligation bonds can be invested.
Investment options are limited to U.S. government obligations.
Enhances financial security for bond proceeds.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.