GroundRules
Tex. Health and Safety Code § 262.050: LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE C. LOCAL HOSPITALS
- CHAPTER 262. MUNICIPAL HOSPITAL AUTHORITIES
- SUBCHAPTER D. BONDS
(a) Bonds issued under this chapter 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; or
(6) the interest and sinking fund or other public fund of an authority.
(b) The bonds are eligible and lawful security, to the extent of the value of the bonds, for the deposits of public funds of the state or an authority if accompanied by all appurtenant unmatured interest coupons.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON