Texas § 772.328 BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.

Texas Statutes

§ 772.328 — BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.

Texas § 772.328

Code HSHealth and Safety Code

This text of Texas § 772.328 (BONDS AS INVESTMENTS AND 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. § 772.328 (2026).

Text

Sec. 772.328. BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.

(a)District bonds 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)a sinking fund of a municipality, county, school district, and other political subdivision of the state and other public funds of the state and its agencies, including the permanent school fund.

(b)District bonds are eligible to secure deposits of public funds of the state and municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.

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Sec. 772.328. BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS. (a) District bonds 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) a sinking fund of a municipality, county, school district, and other political subdivision of the state and other public funds of the state and its agencies, including the permanent school fund.
(b) District bonds are eligible to secure deposits of public funds of the state and municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.