Tex. Health and Safety Code § 262.050
LEGAL INVESTMENTS; SECURITY FOR DEPOSITS
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 262.050, LEGAL INVESTMENTS; SECURITY FOR DEPOSITS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/670146
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Full text
(a) Bonds issued under this chapter are legal and authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a trust company;
(4) a savings and loan association;
(5) an insurance company; or
(6) the interest and sinking fund or other public fund of an authority.
(b) The bonds are eligible and lawful security, to the extent of the value of the bonds, for the deposits of public funds of the state or an authority if accompanied by all appurtenant unmatured interest coupons.