Texas Administrative Code
Title 40 - SOCIAL SERVICES AND ASSISTANCE
Part 5 - TEXAS VETERANS LAND BOARD
Chapter 176 - VETERANS HOMES
Section 176.4 - Administration of the State Veterans Home Fund
Current through Reg. 49, No. 12; March 22, 2024
(a) The proceeds from each bond sale shall be part of the State Veterans Home Fund and shall first be used for the following purposes:
(b) After the requirements of subsection (a) of this section have been satisfied, the Board shall monitor the cash flow requirements of the program and shall administer the fund to:
(c) The Board may use money in the fund attributable to bonds issued and sold to pay:
(d) Any money in the fund not immediately needed for the purposes described in subsections (b) and (c) of this section nor immediately committed to paying principal of and interest on the bonds, nor the payment of expenses, may be invested in bonds or obligations as determined by the Board.
(e) The Board may, by resolution, make provisions for the administration of the Fund.