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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 76(R)

HOUSE BILL 1625  

HOUSE AUTHOR: Pitts

EFFECTIVE: 05-28-99         

SENATE SPONSOR: Armbrister

House Bill 1625 amends the Water Code to authorize nonprofit water supply or sewer service corporations to invest funds in instruments authorized by the Texas Public Funds Investment Act and by a written investment policy approved by its governing board.