The bonds are legal and authorized investments for:
- (1) a bank;
- (2) a trust company;
- (3) a savings and loan association;
- (4) an insurance company;
- (5) a small business investment corporation;
- (6) a fiduciary;
- (7) a trustee;
- (8) a guardian; or
- (9) an interest or sinking fund or other public funds of the state or a municipality, county, school district, or other political subdivision of the state.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.