{"data":{"id":"us-tx/tex.-transportation-code-174.303","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 174.303","heading":"BONDS AS AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS OF PUBLIC FUNDS.","body":"(a) District bonds and notes are legal and authorized investments for:\n(1) a bank;\n(2) a trust company;\n(3) a savings and loan association; and\n(4) an insurance company.\n(b) The bonds and notes are:\n(1) eligible to secure the deposit of public funds of this state or a municipality, a county, a school district, or any other political corporation or subdivision of this state; and\n(2) lawful and sufficient security for the deposit to the extent of the principal amount or market value of the bonds or notes, whichever is less.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.","path":["TRANSPORTATION CODE","TITLE 5. RAILROADS","SUBTITLE I. SPECIAL DISTRICTS","CHAPTER 174. COMMUTER RAIL DISTRICTS","SUBCHAPTER G. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.174.htm#174.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"15020ee7d4736f4bd5f9b6b1f9943bcbffabbcab8c013a1fcfd478b255ce73ac","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-174.302","next":"us-tx/tex.-transportation-code-174.304"},"notice":"GroundRules: Original legal text. Not legal advice."}