Tex. Health & Safety Code § 772.530 · Subchapter G. REGIONAL EMERGENCY COMMUNICATIONS DISTRICTS: STATE PLANNING REGION WITH POPULATION OVER 1.5 MILLION
BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) District bonds are legal and authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a credit union;
(4) a trust company;
(5) a savings and loan association;
(6) an insurance company;
(7) a fiduciary;
(8) a trustee;
(9) a guardian; and
(10) a sinking fund of a municipality, county, school district, special district, and other political subdivision of this state and other public funds of this state and state agencies, including the permanent school fund.
(b) District bonds may secure deposits of public funds of the state or a municipality, county, school district, or other political subdivision of this state. The bonds are lawful and sufficient security for deposits to the extent of the bonds' value if accompanied by all unmatured coupons.
(c) District bonds are authorized investments under Chapter 2256, Government Code.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 552 (S.B. 628), Sec. 1, eff. September 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.772.htm
- Text hash
- sha256 fa1c2436ef116d9a87789e417d3e8ee10fe2be1396ad7fc71b44d400b081a0e9
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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