Texas § AG.58.037 - BONDS AS INVESTMENTS
Full text of Texas The Texas Constitution § AG.58.037 — BONDS AS INVESTMENTS, with citation guidance and answers to common questions.
§ AG.58.037. BONDS AS INVESTMENTS
BONDS AS INVESTMENTS. (a) The bonds are legal and authorized investments for: (1) banks; (2) trust companies; (3) savings and loan associations; (4) insurance companies of all kinds and types; (5) fiduciaries; (6) trustees; (7) guardians; and (8) sinking and other public funds of the state, municipalities, counties, school districts, and other political subdivisions of the state. (b) The bonds are eligible to secure the deposit of any public funds of the state, municipalities, counties, school districts, or other political subdivisions of the state, and the bonds shall be lawful and sufficient security for the deposits to the extent of their face value when accompanied by all unmatured coupons attached to the bonds. Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 2, Sec. 1, eff. Oct. 20, 1987; Acts 1989, 71st Leg., ch. 1247, Sec. 1, eff. Sept. 1, 1989.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § AG.58.037
What does The Texas Constitution § AG.58.037 cover?
Section AG.58.037 ("BONDS AS INVESTMENTS") 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 § AG.58.037?
A common citation format is "The Texas Constitution § AG.58.037" (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 § AG.58.037 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.