1004.211 – RESTRICTION ON INVESTMENT. The board may invest
Texas Special District Local Laws Code § 1004.211
Summary
This law restricts how the board can invest certain reserves, ensuring they only invest in specific funds or securities outlined in the Government Code. It primarily affects boards managing operating, depreciation, or building reserves.
Board must adhere to investment restrictions.
Investments limited to specified funds or securities.
Applies to operating, depreciation, and building reserves.
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In simple terms: Learn about Texas's RESTRICTION ON INVESTMENT. The board may invest law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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