Texas § 375.206 AUTHORIZED INVESTMENTS; SECURITY.

Texas Statutes

§ 375.206 — AUTHORIZED INVESTMENTS; SECURITY.

Texas § 375.206

Code LGLocal Government Code

This text of Texas § 375.206 (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. § 375.206 (2026).

Text

Sec. 375.206. AUTHORIZED INVESTMENTS; SECURITY.

(a)District bonds are legal and authorized investments for:

(1)banks, trust companies, and savings and loan associations;

(2)insurance companies;

(3)fiduciaries, trustees, and guardians; and

(4)all interest and sinking funds and other public funds of the state and agencies, subdivisions, and instrumentalities of the state, including counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic.

(b)District bonds are eligible and lawful security for deposits of counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic, to the extent of the market value of the bonds, when accompa

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Sec. 375.206. AUTHORIZED INVESTMENTS; SECURITY. (a) District bonds are legal and authorized investments for:
(1) banks, trust companies, and savings and loan associations;
(2) insurance companies;
(3) fiduciaries, trustees, and guardians; and
(4) all interest and sinking funds and other public funds of the state and agencies, subdivisions, and instrumentalities of the state, including counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic.
(b) District bonds are eligible and lawful security for deposits of counties, municipalities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic, to the extent of the market value of the bonds, when accompanied by any unmatured interest coupons appurtenant to the bonds.