Bonds As Investments

Sec. 301.010. BONDS AS INVESTMENTS. Bonds issued by a hospital laundry cooperative association under this subchapter are legal and authorized investments for: (1) a bank; (2) a savings and loan association; (3) an insurance company; (4) a fiduciary; (5) a trustee; and (6) a sinking fund of a municipality, county, school district, or other political subdivision or corporation of the state or other public fund of the state or a state agency, including the permanent school fund. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.