Texas Statutes
§ 372.029 — AUTHORIZED INVESTMENTS; SECURITY.
Texas § 372.029
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 372.029 (AUTHORIZED INVESTMENTS; SECURITY.) 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. § 372.029 (2026).
Text
Sec. 372.029. AUTHORIZED INVESTMENTS; SECURITY.
(a)Bonds issued under this subchapter are legal and authorized investments for:
(1)banks, trust companies, and savings and loan associations;
(2)all insurance companies;
(3)fiduciaries, trustees, and guardians; and
(4)interest funds, sinking funds, and other public funds of the state or of an agency, subdivision, or instrumentality of the state, including a county, municipality, school district, or other district, public agency, or body politic.
(b)Bonds issued under this subchapter may be security for deposits of public funds of the state or of an agency, subdivision, or instrumentality of the state, including a county, municipality, school district, or other district, public agency, or body politic, to the extent of the market value o
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 372.001
SHORT TITLE.§ 372.0015
DEFINITIONS.§ 372.002
EXERCISE OF POWERS.§ 372.003
AUTHORIZED IMPROVEMENTS.§ 372.004
COMBINED IMPROVEMENTS.§ 372.005
PETITION.§ 372.0055
DEFERRED ASSESSMENT; ESTIMATE.§ 372.006
FINDINGS.§ 372.007
FEASIBILITY REPORT.§ 372.008
ADVISORY BODY.§ 372.009
HEARING.§ 372.010
IMPROVEMENT ORDER.§ 372.011
DISSOLUTION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 372.029, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/372.029.