AUTHORIZED INVESTMENTS
Known as the Public Property Finance Act
The act spans §§ 271.001 to 271.009 (10 sections).
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff
The contract is a legal and authorized investment for:
(1) banks, savings banks, trust companies, and savings and loan associations;
(2) insurance companies;
(3) fiduciaries and trustees; and
(4) the sinking funds of a county, municipality, school district, or other political subdivision or corporation of this state.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.