Sec. 17.032. AUTHORIZED INVESTMENTS. Bonds issued under this chapter are legal and authorized investments for:
(1) banks;
(2) savings banks;
(3) trust companies;
(4) building and loan associations;
(5) insurance companies;
(6) fiduciaries;
(7) trustees;
(8) guardians; and
(9) sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter B. Water Development Bonds
Section 17.011. Issuance of Water Development Bonds
Section 17.0111. Dedication of Certain Bonds
Section 17.0112. Authorization of Certain Bonds for Financial Assistance
Section 17.012. Description of Bonds
Section 17.013. Sale Price of Bonds
Section 17.014. Interest on Bonds
Section 17.015. Form, Denomination, Place of Payment
Section 17.016. Maturity of Bonds
Section 17.017. Redemption Before Maturity
Section 17.018. Registered and Bearer Bonds
Section 17.019. Notice of Bond Sale
Section 17.020. Competitive Bids
Section 17.021. Security for Bids
Section 17.022. Approval of Bonds; Registration
Section 17.023. Execution of Bonds
Section 17.024. Facsimile Signatures and Seals
Section 17.025. Signature of Former Officer
Section 17.026. Bonds Incontestable
Section 17.027. Payment by Comptroller
Section 17.028. Payment Enforceable by Mandamus
Section 17.029. Refunding Bonds
Section 17.030. Bonds Negotiable Instruments
Section 17.031. Bonds Not Taxable
Section 17.032. Authorized Investments
Section 17.033. Security for Deposit of Funds