Bonds issued under this chapter, when accompanied by all appurtenant unmatured coupons, are lawful and sufficient security for all deposits of funds of the state or of a city, town, village, county, school district, or other political subdivision or agency of the state, at the par value of the bonds.
Tex. Parks & Wild. Code § 21.024
SECURITY FOR DEPOSIT OF FUNDS
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.