Bonds issued by a hospital laundry cooperative association under this subchapter are legal and authorized investments for:
- (1) a bank;
- (2) a savings and loan association;
- (3) an insurance company;
- (4) a fiduciary;
- (5) a trustee; and
- (6) a sinking fund of a municipality, county, school district, or other political subdivision or corporation of the state or other public fund of the state or a state agency, including the permanent school fund.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.