Texas § 463.210 BONDS AS AUTHORIZED INVESTMENTS.

Texas Statutes

§ 463.210 — BONDS AS AUTHORIZED INVESTMENTS.

Texas § 463.210

Code TNTransportation Code

This text of Texas § 463.210 (BONDS AS 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. Transportation Code Code Ann. § 463.210 (2026).

Text

Sec. 463.210. BONDS AS AUTHORIZED INVESTMENTS.

(a)An authority's bonds are authorized investments for:

(1)a bank;

(2)a savings bank;

(3)a trust company;

(4)a savings and loan association; and

(5)an insurance company.

(b)The bonds, when accompanied by all appurtenant, unmatured coupons and to the extent of the lesser of their face value or market value, are eligible to secure the deposit of public funds of this state, a political subdivision of this state, and any other political corporation of this state.

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Sec. 463.210. BONDS AS AUTHORIZED INVESTMENTS. (a) An authority's bonds are authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a trust company;
(4) a savings and loan association; and
(5) an insurance company.
(b) The bonds, when accompanied by all appurtenant, unmatured coupons and to the extent of the lesser of their face value or market value, are eligible to secure the deposit of public funds of this state, a political subdivision of this state, and any other political corporation of this state.