1005.161 – RESTRICTION ON INVESTMENT. The board may invest
Texas Special District Local Laws Code § 1005.161
Summary
This law restricts the investment options for a board managing special district funds. It mandates that investments can only be made in specific funds or securities outlined in the Government Code, ensuring a level of security and compliance.
Investments are limited to specified funds or securities.
Applies to operating, depreciation, or building reserves.
Ensures compliance with Chapter 2256 of the Government Code.
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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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