Texas Statutes
§ 307.045 — BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.
Texas § 307.045
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 307.045 (BONDS AS NEGOTIABLE INSTRUMENTS 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. § 307.045 (2026).
Text
Sec. 307.045. BONDS AS NEGOTIABLE INSTRUMENTS AND AUTHORIZED INVESTMENTS.
(a)All bonds issued under this chapter are negotiable instruments under Chapter 3 , Business & Commerce Code.
(b)The bonds are legal investments for banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, trustees, and guardians, and for the sinking funds of municipalities, counties, school districts, and other political corporations or political subdivisions of the state.
(c)The bonds are eligible to secure the deposit of any public funds of the state or of a municipality, county, school district, or other political corporation or political subdivision of the state. The bonds are sufficient security for the deposits to the extent of their face value when accompanied
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
14
§ 307.001
ELIGIBLE MUNICIPALITIES.§ 307.002
PROPERTY SUBJECT TO PARK USE.§ 307.003
DEFINITION.§ 307.004
RIGHTS UNAFFECTED.§ 307.005
ADDITIONAL POWERS.§ 307.023
LEASES AND OPERATING AGREEMENTS.§ 307.041
TAX BONDS.§ 307.042
REVENUE OBLIGATIONS.§ 307.043
ISSUANCE OF REVENUE OBLIGATIONS.§ 307.044
REFUNDING REVENUE BONDS.§ 307.046
ADDITIONAL TAX; TIME WARRANTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 307.045, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/307.045.