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Texas Natural Resources Code

§ 62.136 — SECURITY FOR DEPOSITS

NR § 62.136Title 2. PUBLIC DOMAIN · Part E. BEACHES AND DUNES · Ch. 62. BEACH PARK BOARD OF TRUSTEES · Art. E. ISSUANCE OF BONDS

Statute text

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The bonds are eligible to secure the deposit of public funds of the state and public funds of cities, towns, villages, or other political corporations or subdivisions of the state and are lawful and sufficient security for deposits to the extent of their face value when accompanied by all unmatured interest coupons appurtenant to them.

Legislative history

Acts 1977, 65th Leg., p. 2498, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 62.136 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.