{"data":{"id":"us-tx/tex.-local-government-code-271.008","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 271.008","heading":"AUTHORIZED INVESTMENTS.","body":"The contract is a legal and authorized investment for:\n(1) banks, savings banks, trust companies, and savings and loan associations;\n(2) insurance companies;\n(3) fiduciaries and trustees; and\n(4) the sinking funds of a county, municipality, school district, or other political subdivision or corporation of this state.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 8. ACQUISITION, SALE, OR LEASE OF PROPERTY","SUBTITLE C. ACQUISITION, SALE, OR LEASE PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 271. PURCHASING AND CONTRACTING AUTHORITY OF MUNICIPALITIES, COUNTIES, AND CERTAIN OTHER LOCAL GOVERNMENTS","SUBCHAPTER A. PUBLIC PROPERTY FINANCE ACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.271.htm#271.008","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"a2bdc04ca1cc4edec3ac84a7d3335ddc56df391e2637c07c9d827f3bb0c31c1b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-271.007","next":"us-tx/tex.-local-government-code-271.009"},"notice":"GroundRules: Original legal text. Not legal advice."}