Tex. Water Code § 17.032 · Subchapter B. WATER DEVELOPMENT BONDS
AUTHORIZED INVESTMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Bonds issued under this chapter are legal and authorized investments for:
(1) banks;
(2) savings banks;
(3) trust companies;
(4) building and loan associations;
(5) insurance companies;
(6) fiduciaries;
(7) trustees;
(8) guardians; and
(9) sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.
Notes and commentary — not statutory text
History
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.17.htm
- Text hash
- sha256 2278478253e2f90283cc5b589720ce8556d30e85cf992386f6fc30cc406143cb
- 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.