The board may invest district money in:(1) bonds of the United States, this state, or any political subdivision of this state; or(2) bonds issued by any agency of the United States if the payment of the principal and interest is guaranteed by the United States. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Texas Legal Code