{"data":{"id":"us-tx/tex.-health-and-safety-code-262.050","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 262.050","heading":"LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.","body":"(a) Bonds issued under this chapter 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; or\n(6) the interest and sinking fund or other public fund of an authority.\n(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.\nActs 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.","path":["HEALTH AND SAFETY CODE","TITLE 4. HEALTH FACILITIES","SUBTITLE C. LOCAL HOSPITALS","CHAPTER 262. MUNICIPAL HOSPITAL AUTHORITIES","SUBCHAPTER D. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm#262.050","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"8e85a963c7d7fcd93adbd60e25d224dae9f33a76ea30b63ccfa0813292e42cca","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-262.049","next":"us-tx/tex.-health-and-safety-code-263.0001"},"notice":"GroundRules: Original legal text. Not legal advice."}