81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 65 of 126
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"4 S.B. No. 1540
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1 (2) a trust company;
2 (3) a savings and loan association; and
t 3 (4) an insurance company.
4 (b) The bonds are:
5 (1) eligible to secure the deposit of public funds of
6 this -tate or a municipality, a county, a school district, or any
7 ohei political corporation or subdivision of this state; and
8 (2) lawful and sufficient security for the deposit to
9 t tent of the principal amount or market value of the bonds,
10! w ichever is less. (V.A.C.S. Art. 6550c, Sec. 6(d).)
11 i ec. 172.304. APPL ABILITY OF PUBLIC IMPROVEMENT
12 FINANC NG LAW. For purpose of Chapter 1371, Government Code:
13 (1) a distric is an issuer; and
14 r (2) the acquisition, improvement, or repair of rail
15 facial es by a district is an eligible project. (V.A.C.S. Art.
5 16 65c, Sec. 5(a) (part).)
17 Sec. 172.305. LIMIT ON POWER. A revenue bond indenture may
18 limit the exercise of the power granted by Section 172.002,
19 1721.151, 172.152, 172.153, 172.154, 172.155, 172.157, 172.158,
20 172 159, 172.160, 172.201, 172.202, 172.203, 172.204, 172.205,
21 1 2.206, 172.207, 172.208, 172.209, 172.210, 172.251, 172.252,
22 172.253, 172.254, or 172.304. The limitation applies while any of
231 the revenue bonds issued under the indenture are outstanding and
24 unpaid. (V.A.C.S. Art. 6550c, Sec. 5(k) (part).)
25 Sec. 172.306. EXEMPTION FROM REVIEW OF NOTES BY ATTORNEY
26 GENERAL. District notes authorized to be issued to an agency of the
27 federal or state government, and related records, are not required
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85, legislative document, May 20, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth310917/m1/65/: accessed March 29, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.