Tex. Loc. Gov't Code § 325.087

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 325.087 - Bonds As Security for Deposits

District bonds are eligible to secure deposits of public funds of the state and municipalities, counties, school districts, and other political subdivisions of the state. The bonds are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.

Tex. Loc. Gov't. Code § 325.087

Added by Acts 1989, 71st Leg., ch. 437, Sec. 1, eff. 8/28/1989.