yourstate.us
Home / Texas / Natural Resources Code
Tex. Natural Resources Code § 161.128

BONDS AS INVESTMENTS AND SECURITY

Texas · Texas Natural Resources Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Natural Resources Code § 161.128, BONDS AS INVESTMENTS AND SECURITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/696935
Permanent ID
ys:prov:696935@1
SHA-256
396da5dcd6416d3f6c8931e15cae17fe82fbad90d0e56ff12211a527699a7da9

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and for the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state. (b) The bonds are legal and sufficient security for the deposits in the amount of the par value of the bonds.