Investment of Sinking Fund

Tex. Government Code § 1506.059, under Chapter 1506. Bonds For Municipal Parking and Transportation Facilities.

Tex. Government Code § 1506.059

Sec. 1506.059. INVESTMENT OF SINKING FUND. The sinking fund for bonds issued under this subchapter may be invested in securities that are permitted by law for the investment of sinking funds for other municipal bonds. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.