Texas Statutes
§ 293.054 — LEGAL AND AUTHORIZED INVESTMENTS.
Texas § 293.054
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 293.054 (LEGAL AND AUTHORIZED INVESTMENTS.) 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. Local Government Code Code Ann. § 293.054 (2026).
Text
Sec. 293.054. LEGAL AND AUTHORIZED INVESTMENTS.
(a)Authority bonds are legal and authorized investments for a bank, savings bank, trust company, savings and loan association, insurance company, fiduciary, trustee, or guardian, or a sinking fund of a municipality, county, school district, or political subdivision of the state.
(b)Authority bonds may secure deposits of public funds of the state, a municipality, a county, a school district, or another political corporation or subdivision of the state. The bonds may provide this security in an amount up to their value, if all unmatured coupons, if any, are attached.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 293.001
SHORT TITLE.§ 293.002
DEFINITIONS.§ 293.003
COUNTIES SUBJECT TO CHAPTER.§ 293.004
COUNTY BUILDING STUDY COMMITTEE.§ 293.021
ELECTION; COUNTY BUILDING AUTHORITY.§ 293.022
PURPOSES OF AUTHORITY.§ 293.023
BOARD OF DIRECTORS.§ 293.024
EMPLOYEES.§ 293.025
COMPTROLLER.§ 293.026
POWERS OF AUTHORITY.§ 293.027
OPERATION OF AUTHORITY.§ 293.028
DEPOSITORY.§ 293.029
INVESTMENT OF FUNDS.§ 293.030
LAW AFFECTING CERTAIN CONTRACTS.§ 293.031
UNDERGROUND SHELTER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 293.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/293.054.