{"data":{"id":"us-tx/tex.-natural-resources-code-162.047","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 162.047","heading":"BONDS AS INVESTMENTS AND SECURITY.","body":"(a) Bonds issued under this chapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians, and the sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.\n(b) The bonds are legal and sufficient security for the deposits in the amount of the par value of the bonds.\nAdded by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 2.14, eff. Aug. 30, 1993.","path":["NATURAL RESOURCES CODE","TITLE 7. RESOURCES PROGRAMS","CHAPTER 162. VETERANS' HOUSING ASSISTANCE PROGRAM","SUBCHAPTER C. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.162.htm#162.047","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"a091d354db308584b26d911f5ec0e712a964d64c7cb08faa4762e4f8e2e63ca0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-162.046","next":"us-tx/tex.-natural-resources-code-162.048"},"notice":"GroundRules: Original legal text. Not legal advice."}