A guardian of the estate is considered to have exercised the standard required by Section 1161.002(a) with respect to investing the ward's estate if the guardian invests in the following:
(1) bonds or other obligations of the United States;
(2) tax-supported bonds of this state;
(3) except as limited by Sections 1161.004(b) and (c), tax-supported bonds of a county, district, political subdivision, or municipality in this state;
(4) if the payment of the shares or share accounts is insured by the Federal Deposit Insurance Corporation, shares or share accounts of:
(A) a state savings and loan association or savings bank that has its main office or a branch office in this state; or
(B) a federal savings and loan association or savings bank that has its main office or a branch office in this state;
(5) collateral bonds that:
(A) are issued by a company incorporated under the laws of this state that has a paid-in capital of $1 million or more;
(B) are a direct obligation of the company; and
(C) are specifically secured by first mortgage real estate notes or other securities pledged with a trustee;
(6) interest-bearing time deposits that may be withdrawn on or before one year after demand in a bank that does business in this state, if the payment of the time deposits is insured by the Federal Deposit Insurance Corporation; or
(7) an ABLE account established in accordance with the Texas Achieving a Better Life Experience (ABLE) Program under Subchapter J, Chapter 54, Education Code.