Texas § GV.1471.026 - INVESTMENT OF SINKING FUNDS

Full text of Texas The Texas Constitution § GV.1471.026 — INVESTMENT OF SINKING FUNDS, with citation guidance and answers to common questions.

§ GV.1471.026. INVESTMENT OF SINKING FUNDS

INVESTMENT OF SINKING FUNDS. (a) The commissioners court may invest money in a sinking fund accumulated for the redemption and payment of any bonds issued under this chapter in: (1) bonds of the United States, this state, or a county, municipality, school district, or road district of this state; (2) bonds of the federal Farm Credit System; or (3) certificates of indebtedness issued by the secretary of the treasury of the United States. (b) Sinking funds accumulated for the redemption and payment of bonds issued under this chapter may not be invested in bonds the terms of which provide for a maturity date after the date of maturity of the bonds for which the sinking fund was created. (c) Interest on an investment shall be applied to the sinking fund associated with the investment. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.1471.026

What does The Texas Constitution § GV.1471.026 cover?

Section GV.1471.026 ("INVESTMENT OF SINKING FUNDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.1471.026?

A common citation format is "The Texas Constitution § GV.1471.026" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.1471.026 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.