Sec. 271.008. AUTHORIZED INVESTMENTS. The contract is a legal and authorized investment for:
(1) banks, savings banks, trust companies, and savings and loan associations;
(2) insurance companies;
(3) fiduciaries and trustees; and
(4) the sinking funds of a county, municipality, school district, or other political subdivision or corporation of this state.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 8 - Acquisition, Sale, or Lease of Property
Subchapter A. Public Property Finance Act
Section 271.004. Real Property and Improvements for School Districts
Section 271.005. Authority to Contract for Personal Property
Section 271.006. Compliance With Other Requirements
Section 271.0065. Additional Competitive Procedures
Section 271.007. Approved and Registered Contract