Texas Statutes
§ 772.530 — BONDS AS INVESTMENTS AND SECURITY FOR DEPOSITS.
Texas § 772.530
JurisdictionTexas
Code HSHealth and Safety Code
This text of Texas § 772.530 (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. § 772.530 (2026).
Text
Sec. 772.530. 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 credit union;
(4)a trust company;
(5)a savings and loan association;
(6)an insurance company;
(7)a fiduciary;
(8)a trustee;
(9)a guardian; and
(10)a sinking fund of a municipality, county, school district, special district, and other political subdivision of this state and other public funds of this state and state agencies, including the permanent school fund.
(b)District bonds may secure deposits of public funds of the state or a municipality, county, school district, or other political subdivision of this state. The bonds are lawful and sufficient security for deposits to the extent of the bonds' value if accompanied by
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Legislative History
Added by Acts 2013, 83rd Leg., R.S., Ch. 552 (S.B. 628 ), Sec. 1, eff. September 1, 2013.
Nearby Sections
15
§ 772.001
DEFINITIONS.§ 772.101
SHORT TITLE.§ 772.102
PURPOSE.§ 772.103
DEFINITIONS.§ 772.104
APPLICATION OF SUBCHAPTER.§ 772.105
TERRITORY OF DISTRICT.§ 772.106
BOARD OF MANAGERS.§ 772.107
POWERS AND DUTIES OF BOARD.§ 772.108
DIRECTOR OF DISTRICT.§ 772.109
BUDGET; ANNUAL REPORT; AUDIT.§ 772.110
ESTABLISHMENT OF 9-1-1 SERVICE.§ 772.111
PRIMARY EMERGENCY TELEPHONE NUMBER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 772.530, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/HS/772.530.