DecisionDepot
California legal research

Texas Parks and Wildlife Code

§ 22.037 — LEGAL INVESTMENTS

PW § 22.037Title 3. PARKS · Ch. 22. STATE PARKS · Art. C. PALO DURO CANYON STATE PARK

Statute text

View on source
(a)Bonds issued under this subchapter are legal and authorized investments for banks, savings banks, trust companies, building and loan associations, savings and loan associations, insurance companies, fiduciaries, trustees, and guardians, and for the sinking funds of cities, towns, villages, counties, school districts, and other political corporations and subdivisions of the state.
(b)The bonds are eligible to secure the deposit of the public funds of the state, cities, towns, villages, counties, school districts, and other political corporations and subdivisions of the state.
(c)The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.

Legislative history

Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.

Source: Texas Parks and Wildlife Code § 22.037 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.