Sec. 325.087. BONDS AS SECURITY FOR DEPOSITS. District bonds are eligible to secure deposits of public funds of the state and municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.
Added by Acts 1989, 71st Leg., ch. 437, Sec. 1, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Subtitle B - County Parks and Other Recreational and Cultural Resources
Chapter 325 - Sports Facility District Established by County
Section 325.081. Issuance of Bonds
Section 325.082. Manner of Repayment of Bonds
Section 325.083. Form of Bonds
Section 325.084. Provisions of Bonds
Section 325.085. Approval by Attorney General; Registration by Comptroller
Section 325.086. Bonds as Investments
Section 325.087. Bonds as Security for Deposits
Section 325.088. Tax Status of Bonds