21.023 – AUTHORIZED INVESTMENTS. Bonds issued under this
Texas Parks and Wildlife Code § 21.023
Summary
This law allows various financial institutions and public entities in Texas to invest in bonds issued under this chapter. It specifically identifies who can legally purchase these bonds, ensuring a broad range of authorized investors including banks, insurance companies, and governmental bodies.
Bonds are legal investments for banks and insurance companies.
Includes fiduciaries and trustees among authorized investors.
Applies to various public agencies and political subdivisions.
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In simple terms: Learn about Texas's AUTHORIZED INVESTMENTS. Bonds issued under this law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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