Tex. Water Code § 53.187
This is the official text of Tex. Water Code § 53.187, part of Texas’s Water Code — governs water rights and water resource management.
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§ 53.187. INVESTMENT OF SINKING FUND.
Official statutory text
The board may invest the district's sinking funds in county, municipal, district, or other bonds in which other sinking funds may by law be invested. The board may also invest the sinking funds in bonds of the series to which the funds apply, if the bonds are offered for redemption before maturity on terms the board deems advantageous to the district.
Status: in_force · Read it on the official government site
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