{"data":{"id":"us-tx/tex.-health-and-safety-code-221.068","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 221.068","heading":"LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.","body":"(a) Unless made ineligible under other law, rules, or rulings, bonds are legal and authorized investments for:\n(1) a bank;\n(2) a savings bank;\n(3) a trust company;\n(4) a savings and loan association;\n(5) an insurance company;\n(6) a fiduciary, trustee, or guardian; and\n(7) a sinking fund of a municipality, county, school district, or other political corporation or subdivision of the state.\n(b) The bonds may secure the deposit of public funds of the state or a municipality, county, school district, or other political corporation or subdivision of the state. The bonds are lawful and sufficient security for those deposits at their face value if accompanied by all appurtenant unmatured coupons, if any.\nActs 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.","path":["HEALTH AND SAFETY CODE","TITLE 4. HEALTH FACILITIES","SUBTITLE A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES","CHAPTER 221. HEALTH FACILITIES DEVELOPMENT ACT","SUBCHAPTER C. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.221.htm#221.068","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"171991f16b9a92f2a7027ee3a28fd09e29363174d7f4c98ef5ab4f86ae404181","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-221.067","next":"us-tx/tex.-health-and-safety-code-221.081"},"notice":"GroundRules: Original legal text. Not legal advice."}