Sec. 772.328. BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS. (a) District bonds are legal and authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a trust company;
(4) a savings and loan association;
(5) an insurance company;
(6) a fiduciary;
(7) a trustee;
(8) a guardian; and
(9) a sinking fund of a municipality, county, school district, and other political subdivision of the state and other public funds of the state and its agencies, including the permanent school fund.
(b) District bonds are eligible to secure deposits of public funds of the state and municipalities, 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.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Chapter 772 - Local Administration of Emergency Communications
Subchapter D. Emergency Communication Districts: Counties With Population Over 20,000
Section 772.304. Application of Subchapter
Section 772.305. Additional Territory
Section 772.3051. Removal of Certain Municipal Territory
Section 772.306. Board of Managers
Section 772.307. Powers and Duties of Board
Section 772.308. Director of District
Section 772.309. Budget; Annual Report; Audit
Section 772.310. Establishment of 9-1-1 Service
Section 772.311. Primary Emergency Telephone Number
Section 772.312. Transmitting Requests for Emergency Aid
Section 772.313. Powers of District
Section 772.314. 9-1-1 Emergency Service Fee
Section 772.315. Collection of Fee
Section 772.316. District Depository
Section 772.317. Allowable Expenses
Section 772.318. Number and Location Identification
Section 772.319. Public Review
Section 772.320. Dissolution Procedures
Section 772.321. Issuance of Bonds
Section 772.322. Repayment of Bonds
Section 772.323. Additional Security for Bonds
Section 772.324. Form of Bonds
Section 772.325. Provisions of Bonds
Section 772.326. Approval and Registration of Bonds
Section 772.327. Refunding Bonds
Section 772.328. Bonds as Investments and Security for Deposits