Texas § SD.8508.0207 - INVESTMENT OF AUTHORITY MONEY
Full text of Texas The Texas Constitution § SD.8508.0207 — INVESTMENT OF AUTHORITY MONEY, with citation guidance and answers to common questions.
§ SD.8508.0207. INVESTMENT OF AUTHORITY MONEY
INVESTMENT OF AUTHORITY MONEY; APPLICATION OF INCOME FROM INVESTMENTS. (a) Money in the treasury that is not required for the current payment of obligations of the authority or for sinking funds and that the board considers available for investment may be invested or reinvested by the authority in: (1) direct obligations of the United States; (2) obligations the principal and interest of which are guaranteed by the United States; (3) direct obligations of or participation certificates guaranteed by: (A) a farm credit bank; (B) the Federal National Mortgage Association; (C) a federal home loan bank; or (D) a bank for cooperatives; (4) certificates of deposit of a bank or trust company the deposits of which are fully secured by a pledge of securities of any of the institutions specified by this subsection; (5) other securities eligible for investment under other laws; or (6) a combination of the investments listed in this subsection. (b) The board shall determine the type and maturity of investments made under this section. (c) A resolution relating to the issuance of bonds or other obligations must include appropriate provisions relating to the investment of money in funds established in connection with the authorization of those bonds or other obligations. (d) The board shall direct the application of income from investments made under this section. Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172 ), Sec. 1.03, eff. April 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.8508.0207
What does The Texas Constitution § SD.8508.0207 cover?
Section SD.8508.0207 ("INVESTMENT OF AUTHORITY MONEY") 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 § SD.8508.0207?
A common citation format is "The Texas Constitution § SD.8508.0207" (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 § SD.8508.0207 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.