Texas Statutes
§ 65.511 — OBLIGATIONS; LEGAL INVESTMENT; SECURITY FOR FUNDS.
Texas § 65.511
JurisdictionTexas
Code WAWater Code
This text of Texas § 65.511 (OBLIGATIONS; LEGAL INVESTMENT; SECURITY FOR FUNDS.) 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. Water Code Code Ann. § 65.511 (2026).
Text
Sec. 65.511. OBLIGATIONS; LEGAL INVESTMENT; SECURITY FOR FUNDS.
(a)Bonds, notes, and other obligations issued by a district are legal and authorized investments for all banks, savings banks, trust companies, savings and loan associations, insurance companies, fiduciaries, and trustees, guardians, and for interest and sinking funds and other public funds of the state and its agencies, including the permanent school fund, and counties, cities, school districts, and other political subdivisions of the state.
(b)A district's bonds, notes, and other obligations are eligible to secure deposits of public funds of the state and its agencies and counties, cities, school districts, and other political subdivisions of the state. The bonds, notes, and other obligations are lawful and sufficient secu
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Legislative History
Added by Acts 1983, 68th Leg., p. 2448, ch. 435, Sec. 4, eff. Aug. 29, 1983. Amended by Acts 1985, 69th Leg., ch. 447, Sec. 1, eff. Nov. 15, 1985.
Nearby Sections
15
§ 65.001
DEFINITIONS.§ 65.011
CREATION OF DISTRICT.§ 65.012
PURPOSES OF DISTRICT.§ 65.013
COMPOSITION OF DISTRICT.§ 65.015
CONTENTS OF RESOLUTION.§ 65.016
CONSENT OF CITY.§ 65.020
HEARING.§ 65.022
TEMPORARY DIRECTORS.§ 65.023
APPEAL FROM ORDER OF COMMISSION.§ 65.101
BOARD OF DIRECTORS.§ 65.102
QUALIFICATIONS FOR DIRECTORS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 65.511, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/65.511.