Tex. Health & Safety Code Section 262.050
Legal Investments; Security for Deposits

(a)

Bonds issued under this chapter are legal and authorized investments for:

(1)

a bank;

(2)

a savings bank;

(3)

a trust company;

(4)

a savings and loan association;

(5)

an insurance company; or

(6)

the interest and sinking fund or other public fund of an authority.

(b)

The bonds are eligible and lawful security, to the extent of the value of the bonds, for the deposits of public funds of the state or an authority if accompanied by all appurtenant unmatured interest coupons.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Section 262.050 — Legal Investments; Security for Deposits, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm#262.050 (accessed May 26, 2025).

262.001
Short Title 262.002
Definitions 262.003
Creation 262.004
Tax Exemption 262.005
Dissolution 262.011
Board of Directors 262.012
Appointment of Board 262.013
Officers 262.014
Authority of Board 262.015
Compensation 262.021
General Powers 262.022
Acquisition, Operation, and Lease of Hospitals 262.023
Employees 262.024
Management Agreement 262.025
Committees 262.026
Rates for Hospital Services 262.027
Depository 262.028
Eminent Domain 262.029
Gifts and Endowments 262.030
Medical Records 262.031
Sale of Property 262.032
Sale of Property to Political Subdivision 262.033
Sale or Closing of Hospital 262.034
Facilities and Services for Elderly and Disabled 262.035
Powers and Duties of Certain Hospital Authorities 262.036
Retirement Benefits 262.037
Establishment of Nonprofit Corporation 262.038
Hospital Authority Contracts, Collaborations, and Joint Ventures 262.039
Investment of Authority Funds 262.041
Revenue Bonds 262.042
Form and Procedure 262.043
Terms 262.044
Notice 262.045
Referendum 262.046
Junior Lien Bonds 262.047
Bond Proceeds 262.048
Refunding Bonds 262.049
Approval and Registration of Bonds 262.050
Legal Investments 262.0225
Authority to Borrow Money 262.0331
Expenditure of Funds for Public Health Initiatives After Sale or Closing of Hospital 262.0335
Liability of Certain Municipal Hospital Authorities Under Contract for Sale of Hospital

Verified:
May 26, 2025

§ 262.050. Legal Investments; Sec. for Deposits's source at texas.gov

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Location: https://texas.public.law/statutes/tex._health_&_safety_code_section_262.050

Original Source: Section 262.050 — Legal Investments; Security for Deposits, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.262.htm#262.050 (last accessed May 10, 2025).