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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Health and Safety Code § 772.530: BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.

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Where this section sits in the code
  1. HEALTH AND SAFETY CODE
  2. TITLE 9. SAFETY
  3. SUBTITLE B. EMERGENCIES
  4. CHAPTER 772. LOCAL ADMINISTRATION OF EMERGENCY COMMUNICATIONS
  5. SUBCHAPTER G. REGIONAL EMERGENCY COMMUNICATIONS DISTRICTS: STATE PLANNING REGION WITH POPULATION OVER 1.5 MILLION

(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.

Added by Acts 2013, 83rd Leg., R.S., Ch. 552 (S.B. 628), Sec. 1, eff. September 1, 2013.

Collected 2026-08-27T01:47:17Z. Source file · JSON

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