Texas Education Code 45.162 – Investment of Bond Proceeds
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Terms Used In Texas Education Code 45.162
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
In addition to other powers, an authority may invest the proceeds of its bonds, until that money is needed, in the direct obligations of or obligations unconditionally guaranteed by the United States, to the extent authorized in the bond resolution or trust indenture or in both.