2025 Texas Statutes
Water Code
Title 4 - General Law Districts
Chapter 66 - Stormwater Control Districts
Subchapter E. General Fiscal Provisions
Section 66.317. Bonds as Investments

Universal Citation:
TX Water Code § 66.317 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Sec. 66.317. BONDS AS INVESTMENTS. District bonds are legal and authorized investments for:

(1) banks;

(2) savings banks;

(3) trust companies;

(4) savings and loan associations;

(5) insurance companies;

(6) fiduciaries;

(7) trustees;

(8) guardians; and

(9) sinking funds of cities, counties, school districts, and other political subdivisions of the state and other public funds of the state and its agencies, including the permanent school fund.

Added by Acts 1985, 69th Leg., ch. 734, Sec. 1, eff. Sept. 1, 1985.

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