Tex. Parks & Wild. Code § 22.037 · Subchapter C. PALO DURO CANYON STATE PARK
LEGAL INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Bonds issued under this subchapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, fiduciaries, trustees, and guardians, and for the sinking funds of cities, towns, villages, counties, school districts, and other political corporations and subdivisions of the state.
(b) The bonds are eligible to secure the deposit of the public funds of the state, cities, towns, villages, counties, school districts, and other political corporations and subdivisions of the state.
(c) The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.
Notes and commentary — not statutory text
History
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PW/htm/PW.22.htm
- Text hash
- sha256 7ea708178a24c3e30e4573cca865333d76a54df551eb1741d6a4fcadf5000373
- 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
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.