Tex. Health & Safety Code Section 363.141
Legal Investments; Security for Deposits

(a)

Public agency bonds 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;

(6)

a fiduciary;

(7)

a trustee;

(8)

a guardian; and

(9)

a sinking fund of a municipality, county, school district, or other political subdivision of the state and other public funds of the state, including the permanent school fund.

(b)

Public agency bonds may secure the deposits of public funds of the state or a municipality, county, school district, or other political subdivision of the state. The bonds are lawful and sufficient security for deposits to the extent of their value, if accompanied by all unmatured coupons.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Section 363.141 — Legal Investments; Security for Deposits, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­363.­htm#363.­141 (accessed Jun. 5, 2024).

363.001
Short Title 363.002
Policy 363.003
Findings 363.004
Definitions 363.005
Application of Chapter 363.006
Construction of Chapter 363.007
Statutes Not Affected by Chapter 363.021
Commission Rulemaking Authority 363.022
Commission Powers and Duties 363.023
Application for Federal Funds 363.024
Disbursement of Federal Funds 363.041
Composition of Advisory Council 363.042
Terms 363.043
President 363.044
Payment of and Reimbursement for Expenses 363.045
Meetings 363.046
Duties 363.061
Commission Rules 363.062
Regional Solid Waste Management Plan 363.063
Local Solid Waste Management Plan 363.064
Contents of Regional or Local Solid Waste Management Plan 363.065
Planning Process 363.066
Conformity with Regional or Local Solid Waste Management Plan 363.067
Study Required for Resource Recovery or Other Solid Waste Management Systems 363.068
Screening Study 363.069
Feasibility Study 363.070
Implementation Study 363.091
Municipal Solid Waste Management Planning Fund 363.092
Planning Fund Use 363.093
Application for Financial Assistance 363.094
Municipal Solid Waste Resource Recovery Applied Research and Technical Assistance Fund 363.095
Use of Technical Assistance Fund 363.111
Adoption of Rules by Public Agency 363.112
Prohibition of Processing or Disposal of Solid Waste in Certain Areas 363.113
Establishment of Solid Waste Management Services 363.114
Resource Recovery Service 363.115
Tax Exempt Status of Certain Resource Recovery Systems 363.116
Authority to Enter Contracts Concerning Solid Waste Management Services 363.117
Solid Waste Management Service Contracts 363.118
Industrial Development Corporations 363.119
Funding Solid Waste Management Services 363.131
Authority to Issue Bonds 363.132
Terms 363.133
Bond Provisions 363.134
Approval and Registration 363.135
Bond Payment and Security 363.136
Bond Election 363.137
Other Security 363.138
Bond Sale and Exchange 363.139
Investment and Use of Proceeds 363.140
Refunding Bonds 363.141
Legal Investments 363.142
Tax Status of Bonds 363.143
Fees for Services 363.144
Adjustment of Rates for Adequate Revenue 363.145
Bond Anticipation Notes 363.0615
Responsibility for Regional Planning 363.0616
Preparation of Regional Plan by Other Public Agency in Certain Regions 363.0635
Schedule for Adoption of Plans
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 363.141’s source at texas​.gov