Sec. 53A.41. AUTHORIZED INVESTMENTS. All bonds issued under this chapter are legal and authorized investments for all banks, savings banks, trust companies, building and loan associations, savings and loan associations, and insurance companies of all kinds and types, and for the interest and sinking funds and other public funds of any issuer. The bonds are also eligible and lawful security for all deposits of public funds of the State of Texas and of any issuer, to the extent of the value of the bonds, when accompanied by any unmatured interest coupons appurtenant to them.
Added by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53A - Higher Education Facility Authorities for Private Schools
Subchapter C. Powers and Duties
Section 53A.31. No Taxing Power
Section 53A.32. No Power of Eminent Domain
Section 53A.33. Limited Power to Acquire, Own, and Operate Educational and Housing Facilities
Section 53A.331. Refinancing Facilities
Section 53A.35. Issuance of Bonds; Procedure; Etc
Section 53A.36. Bond Resolution; Notice; Election
Section 53A.37. Junior Lien Bonds; Parity Bonds
Section 53A.38. Reserves for Operating and Other Expenses
Section 53A.39. Refunding Bonds
Section 53A.40. Approval of Bonds; Registration; Negotiability
Section 53A.41. Authorized Investments
Section 53A.42. Investment of Funds; Security
Section 53A.44. Operation of Facilities; Rates Charged; Reserve Funds
Section 53A.45. Transactions With Other Agencies and Persons
Section 53A.46. Authority Exempt From Taxation
Section 53A.48. Bonds for Accredited Primary or Secondary Schools
Section 53A.49. Bonds for Certain Schools Owned and Operated by Nonprofit Corporations