Sec. 372.029. AUTHORIZED INVESTMENTS; SECURITY. (a) Bonds issued under this subchapter are legal and authorized investments for:
(1) banks, trust companies, and savings and loan associations;
(2) all insurance companies;
(3) fiduciaries, trustees, and guardians; and
(4) interest funds, sinking funds, and other public funds of the state or of an agency, subdivision, or instrumentality of the state, including a county, municipality, school district, or other district, public agency, or body politic.
(b) Bonds issued under this subchapter may be security for deposits of public funds of the state or of an agency, subdivision, or instrumentality of the state, including a county, municipality, school district, or other district, public agency, or body politic, to the extent of the market value of the bonds, if accompanied by any appurtenant unmatured interest coupons.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 372 - Improvement Districts in Municipalities and Counties
Subchapter A. Public Improvement Districts
Section 372.002. Exercise of Powers
Section 372.003. Authorized Improvements
Section 372.0035. Common Characteristic or Use for Projects in Municipalities
Section 372.004. Combined Improvements
Section 372.0055. Deferred Assessment; Estimate
Section 372.007. Feasibility Report
Section 372.008. Advisory Body
Section 372.010. Improvement Order
Section 372.012. Area of District
Section 372.0121. Inclusion of Property in Common Characteristic Public Improvement District
Section 372.014. Assessment Plan; Payment by Exempt Jurisdictions
Section 372.015. Determination of Assessment
Section 372.016. Assessment Roll
Section 372.017. Levy of Assessment
Section 372.0175. Contracts for Collection of Assessments
Section 372.018. Interest on Assessment; Lien
Section 372.019. Supplemental Assessments
Section 372.021. Special Improvement District Fund
Section 372.022. Separate Funds
Section 372.023. Payment of Costs
Section 372.024. General Obligation and Revenue Bonds
Section 372.025. Terms and Conditions of Bonds
Section 372.027. Refunding Bonds
Section 372.028. Approval and Registration