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Texas Transportation Code

§ 172.303 — BONDS AS AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS OF PUBLIC FUNDS

TN § 172.303Title 5. RAILROADS · Part I. SPECIAL DISTRICTS · Ch. 172. RURAL RAIL TRANSPORTATION DISTRICTS · Art. G. BONDS

Statute text

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(a)District bonds are legal and authorized investments for:
(1)a bank;
(2)a trust company;
(3)a savings and loan association; and
(4)an insurance company.
(b)The bonds are:

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.