Texas § ED.55.21 - BONDS ARE AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS
Full text of Texas The Texas Constitution § ED.55.21 — BONDS ARE AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS, with citation guidance and answers to common questions.
§ ED.55.21. BONDS ARE AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS
BONDS ARE AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS. All bonds issued by any board are legal and authorized investments for all banks, trust companies, building and loan associations, savings and loan associations, insurance companies of all kinds and types, fiduciaries, trustees, and guardians, and for all interest and sinking funds and other public funds of the State of Texas, and for all agencies, subdivisions, and instrumentalities thereof, including all counties, cities, towns, villages, school districts, and for all other kinds and types of districts, public agencies, and bodies politic. Said bonds also shall be eligible and lawful security for all deposits of public funds of the State of Texas and all agencies, subdivisions, and instrumentalities thereof, including all counties, cities, towns, villages, school districts, and all other kinds and types of districts, public agencies, and bodies politic, to the extent of the market value of said bonds, when accompanied by any unmatured interest coupons appurtenant thereto. Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.55.21
What does The Texas Constitution § ED.55.21 cover?
Section ED.55.21 ("BONDS ARE AUTHORIZED INVESTMENTS AND SECURITY FOR DEPOSITS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.55.21?
A common citation format is "The Texas Constitution § ED.55.21" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.55.21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.