{"data":{"id":"us-tx/tex.-local-government-code-601.036","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 601.036","heading":"ELIGIBILITY FOR INVESTMENT.","body":"(a) A bond is a security in which a public officer or body of the state or a municipality or municipal subdivision, insurance company, bank, trust company, savings and loan association, or investment company may invest.\n(b) A bond is not eligible for the investment of funds of a trust, estate, or guardianship under the control of an individual fiduciary.\n(c) A bond may be deposited with a public officer or body of the state or a municipality or municipal subdivision for any purpose for which a bond of the state may be deposited.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.\nRenumbered from Local Government Code, Section 431.036 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(d)(2), eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 14. PARKING AND TRANSPORTATION","SUBTITLE A. MUNICIPAL PARKING PROVISIONS","CHAPTER 601. MUNICIPAL AUTHORITY RELATING TO PARKING","SUBCHAPTER B. MUNICIPAL PARKING AUTHORITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.601.htm#601.036","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"cdd6c34d423dc3494790ae8bd3c943a3cd7910118a87f91900f41361f18c54fd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-601.035","next":"us-tx/tex.-local-government-code-601.037"},"notice":"GroundRules: Original legal text. Not legal advice."}