Sec. 66.318. BONDS AS SECURITY FOR DEPOSITS. District bonds are eligible to secure deposits of public funds of the state and cities, 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 1985, 69th Leg., ch. 734, Sec. 1, eff. Sept. 1, 1985.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 66 - Stormwater Control Districts
Subchapter E. General Fiscal Provisions
Section 66.310. Issuance of Bonds
Section 66.311. Manner of Repayment of Bonds
Section 66.314. Provisions of Bonds
Section 66.315. Approval by Attorney General; Registration by Comptroller
Section 66.316. Refunding Bonds
Section 66.317. Bonds as Investments
Section 66.318. Bonds as Security for Deposits
Section 66.319. Mandamus by Bondholders
Section 66.320. Application of Other Laws
Section 66.321. Tax Status of Bonds