Texas · Texas Transportation Code
Tex. Transp. Code § 172.303: BONDS AS AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS OF PUBLIC FUNDS
What this law says, in plain English
District bonds are authorized investments for banks, trust companies, savings and loan associations, and insurance companies. These bonds may secure public fund deposits and serve as lawful security up to their principal amount or market value, whichever is less.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.