Sec. 262.039. INVESTMENT OF AUTHORITY FUNDS. (a) This section applies only to an authority that: (1) is located in: (A) a county with a population of 2.4 million or more; or (B) a municipality with a population of less than 30,000; (2) has assets that exceed the amount of any outstanding bonds issued under Subchapter D; and (3) does not operate a hospital. (b) Notwithstanding any other law, an authority may invest authority funds: (1) as provided by Chapter 2256 , Government Code; and (2) in any investment a trustee is authorized to make under Subtitle B, Title 9, Property Code.
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