Sec. 53B.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 53B - Higher Education Loan Authorities
Subchapter C. Powers and Duties
Section 53B.31. No Taxing Power
Section 53B.32. No Power of Eminent Domain
Section 53B.35. Issuance of Bonds; Procedure; Etc
Section 53B.37. Junior Lien Bonds; Parity Bonds
Section 53B.38. Reserves for Operating and Other Expenses
Section 53B.39. Refunding Bonds
Section 53B.40. Approval of Bonds; Registration; Negotiability
Section 53B.41. Authorized Investments
Section 53B.42. Investment of Funds; Security
Section 53B.45. Transactions With Other Agencies and Persons
Section 53B.48. Qualified Nonprofit Corporation Acting for or on Behalf of Two or More Cities