Water financial assistance bonds are eligible to secure deposits of public funds of the state and political subdivisions of the state. Water financial assistance bonds are lawful and sufficient security for deposits to the extent of their face value.
Tex. Water Code § 17.964
ELIGIBLE SECURITY
Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.