Texas § 601.036 ELIGIBILITY FOR INVESTMENT.

Texas Statutes

§ 601.036 — ELIGIBILITY FOR INVESTMENT.

Texas § 601.036

Code LGLocal Government Code

This text of Texas § 601.036 (ELIGIBILITY FOR INVESTMENT.) 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. § 601.036 (2026).

Text

Sec. 601.036. ELIGIBILITY FOR INVESTMENT.

(a)A bond is a security in which a public officer or body of the state or a municipality or municipal subdivision, insurance company, bank, trust company, savings and loan association, or investment company may invest.

(b)A bond is not eligible for the investment of funds of a trust, estate, or guardianship under the control of an individual fiduciary.

(c)A bond may be deposited with a public officer or body of the state or a municipality or municipal subdivision for any purpose for which a bond of the state may be deposited.

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Sec. 601.036. ELIGIBILITY FOR INVESTMENT. (a) A bond is a security in which a public officer or body of the state or a municipality or municipal subdivision, insurance company, bank, trust company, savings and loan association, or investment company may invest.
(b) A bond is not eligible for the investment of funds of a trust, estate, or guardianship under the control of an individual fiduciary.
(c) A bond may be deposited with a public officer or body of the state or a municipality or municipal subdivision for any purpose for which a bond of the state may be deposited.

Legislative History

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Local Government Code, Section 431.036 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.76(d)(2), eff. April 1, 2009.