Texas Local Government Code
§ 116.054 — BONDS, NOTES, AND OTHER SECURITIES
LG § 116.054Title 4. FINANCES · Part B. COUNTY FINANCES · Ch. 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS · Art. C. SECURITY FOR FUNDS HELD BY DEPOSITORY
Statute text
View on source(a)A county depository may pledge with the commissioners court as security under this subchapter:
(1)a bond, note, security of indebtedness, or other evidence of indebtedness of the United States if the evidence of indebtedness is supported by the full faith and credit of the United States or is guaranteed as to principal and interest by the United States;
(2)a bond of this state or of a county, municipality, independent school district, or common school district;
(3)a bond issued under the federal farm loan acts;
(4)a road district bond;
(5)a bond, pledge, or other security issued by the board of regents of The University of Texas System;
…
Legislative history
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.