Sec. 20.114. LEGAL INVESTMENTS. The bonds are legal and authorized investments for:
(1) banks;
(2) savings banks;
(3) trust companies;
(4) savings and loan associations;
(5) insurance companies;
(6) fiduciaries;
(7) trustees;
(8) guardians; and
(9) sinking funds of cities, counties, school districts, and other political subdivisions of the state and other public funds of the state and its agencies, including the permanent school fund.
Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 20 - Texas Water Resources Finance Authority
Section 20.101. Issuance of Bonds
Section 20.102. Conditions for Issuance of Bonds
Section 20.103. Periodic Determination of Interest
Section 20.104. Persons Designated to Act as Agents of Board
Section 20.105. Security Qualifications
Section 20.106. Investment Securities
Section 20.109. Resolutions, Orders, Etc
Section 20.110. Approval of Attorney General
Section 20.111. Bond Review Board
Section 20.112. Refunding Bonds
Section 20.113. Eligible Security
Section 20.114. Legal Investments
Section 20.116. Pledge of State Faith and Credit; Covenant With Owners of Bonds