Tex. Health & Safety Code Section 364.057
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;

(6)

a fiduciary;

(7)

a trustee; and

(8)

a sinking fund of a municipality, school district, or any other political corporation or subdivision of the state.

(b)

The bonds may secure the deposits of public funds of the state or of a political subdivision of the state. The bonds are lawful and sufficient security for those deposits in an amount up to their face value, if accompanied by all appurtenant unmatured coupons.

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

Source: Section 364.057 — Legal Investments; Security for Deposits, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.364.htm#364.057 (accessed Jun. 5, 2024).

364.001
Short Title 364.002
Purpose 364.003
Definitions 364.011
County Adoption of Solid Waste Rules 364.012
Prohibiting Solid Waste Disposal in County 364.013
County Authority 364.014
Acquisition of Property 364.015
Dumping or Garbage Disposal Grounds 364.016
Cost of Certain Required Alterations 364.031
Public Agency Contracts 364.032
Public Agency Payments 364.033
Alternative Payment Procedure Using Tax Funds 364.034
Solid Waste Disposal Service 364.035
Public Agency Duty to Adjust Rates Charged 364.036
Authority to Provide Disposal Services to More than One Person 364.037
Agreements with Other Political Subdivisions for Collection of Past Due Utility or Solid Waste Disposal Services Fees 364.051
Authority to Issue Bonds 364.052
Terms 364.053
Approval and Registration 364.054
District Bond Validation by Suit 364.055
Investment and Use of Proceeds 364.056
Refunding of Bonds 364.057
Legal Investments 364.058
Adjustment of Rates and Changes to Maintain Adequate Revenue 364.0341
Solid Waste Disposal Services in Extraterritorial Jurisdiction of Certain Municipalities 364.0345
Penalties for Failure to Use Required Service in Certain Areas

Accessed:
Jun. 5, 2024

§ 364.057’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._health_and_safety_code_section_364.057

Original Source: Section 364.057 — Legal Investments; Security for Deposits, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.364.htm#364.057 (last accessed Jun. 5, 2024).