The contract is a legal and authorized investment for:
- (1) banks, savings banks, trust companies, and savings and loan associations;
- (2) insurance companies;
- (3) fiduciaries and trustees; and
- (4) the sinking funds of a county, municipality, school district, or other political subdivision or corporation of this state.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.