Tex. Local Gov't Code Section 325.087
Bonds as Security for Deposits


District bonds are eligible to secure deposits of public funds of the state and municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.
Added by Acts 1989, 71st Leg., ch. 437, Sec. 1, eff. Aug. 28, 1989.

Source: Section 325.087 — Bonds as Security for Deposits, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­325.­htm#325.­087 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 325.087’s source at texas​.gov