Texas Statutes
§ 265.048 — LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.
Texas § 265.048
JurisdictionTexas
Code HSHealth and Safety Code
This text of Texas § 265.048 (LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Health and Safety Code Code Ann. § 265.048 (2026).
Text
Sec. 265.048. LEGAL INVESTMENTS; SECURITY FOR DEPOSITS.
(a)Bonds issued under this subchapter are legal and authorized investments for:
(1)a bank;
(2)a savings bank;
(3)a trust company;
(4)a savings and loan association;
(5)an insurance company;
(6)a fiduciary;
(7)a trustee;
(8)a guardian; and
(9)an interest and sinking fund or other public fund of the state or of an agency, subdivision, or instrumentality of the state, including a municipality, county, school district, special district, public agency, and body politic.
(b)The bonds are eligible and lawful security for the deposits of public funds of the state or of an agency, subdivision, or instrumentality of the state, including a municipality, county, school district, special district, public agency, and body politic. The bo
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Legislative History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Nearby Sections
15
§ 265.003
COUNTY WITH POPULATION OF AT LEAST 92,600 AND MUNICIPALITY WITH POPULATION OF AT LEAST 57,250.§ 265.012
FINANCING.§ 265.013
BOARD OF MANAGERS.§ 265.014
CHAIRMAN.§ 265.015
CONTRACTS.§ 265.016
FINANCIAL STATEMENT; BUDGET.§ 265.017
ISSUANCE OF REVENUE BONDS.§ 265.0171
REPAYMENT OF BONDS.§ 265.0172
ADDITIONAL SECURITY FOR BONDS.§ 265.0173
MATURITY.§ 265.0174
BONDS NOT PAYABLE FROM TAXES.§ 265.0175
SALE OF BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 265.048, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/HS/265.048.