Tex. Loc. Gov't Code § 375.206 · Subchapter J. BONDS
AUTHORIZED INVESTMENTS; SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) District bonds are legal and authorized investments for:
(1) banks, trust companies, and savings and loan associations;
(2) insurance companies;
(3) fiduciaries, trustees, and guardians; and
(4) all interest and sinking funds and other public funds of the state and agencies, subdivisions, and instrumentalities of the state, including counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic.
(b) District bonds are eligible and lawful security for deposits of counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic, to the extent of the market value of the bonds, when accompanied by any unmatured interest coupons appurtenant to the bonds.
Notes and commentary — not statutory text
History
Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.375.htm
- Text hash
- sha256 e56f1b338eb187bd9ea836baf81e4d7c01e87ca7c5bb3f2fab8ac93c091031cb
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Loc. Gov't Code § 375.206. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3852.157BONDS AND OTHER OBLIGATIONS.Printed as Sections 375.202, 375.203, 375.205, and 375.206, Local Government Code
- Tex. Spec. Dist. Local Laws Code § 8282.253AUTHORITY TO ISSUE BONDS FOR IMPROVEMENT PROJECTS OR SERVICES.Printed as Sections 375.202-375.206, Local Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.