Sec. 36.177. BONDS AND NOTES AS INVESTMENTS. District bonds and notes 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 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle E - Groundwater Management
Chapter 36 - Groundwater Conservation Districts
Section 36.171. Issuance of Bonds and Notes
Section 36.172. Manner of Repayment of Bonds and Notes
Section 36.173. Additional Security for Bonds and Notes
Section 36.174. Form of Bonds or Notes
Section 36.175. Provisions of Bonds and Notes
Section 36.176. Refunding Bonds
Section 36.177. Bonds and Notes as Investments
Section 36.178. Bonds and Notes as Security for Deposits
Section 36.179. Tax Status of Bonds and Notes
Section 36.181. Approval by Attorney General; Registration by Comptroller