Texas Education Code - Section 53.41. Authorized Investments
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§ 53.41. AUTHORIZED INVESTMENTS. All bonds issued under
this chapter are legal and authorized investments for all banks,
savings banks, trust companies, building and loan associations,
savings and loan associations, and insurance companies of all kinds
and types, and for the interest and sinking funds and other public
funds of any issuer. The bonds are also eligible and lawful
security for all deposits of public funds of the State of Texas and
of any issuer, to the extent of the value of the bonds, when
accompanied by any unmatured interest coupons appurtenant to them.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971. Amended by Acts 2005, 79th Leg., ch. 641, § 1, eff.
Sept. 1, 2005.
Section: 53.35 53.351 53.36 53.37 53.38 53.39 53.40 53.41 53.42 53.43 53.44 53.45 53.46 53.48 54.001
Last modified: August 10, 2007
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