LEGAL INVESTMENTS
Known as the County Hospital Authority Act
The act spans §§ 264–264 (35 sections).
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff
Bonds of the authority are legal and authorized investments for:
(1) a bank;
(2) a savings bank;
(3) a trust company;
(4) a savings and loan association;
(5) an insurance company; or
(6) the sinking fund of a political corporation or subdivision of the state, including a municipality, county, or school district.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.