Sec. 21.023.  AUTHORIZED INVESTMENTS.  Bonds issued under this chapter are legal and authorized investments for:
(1)  banks;
(2)  savings banks;
(3)  trust companies;
(4)  building and loan and savings and loan associations;
(5)  insurance companies;
(6)  fiduciaries;
(7)  trustees;
(8)  guardians;  and
(9)  sinking funds of cities, towns, villages, counties, school districts, and other political subdivisions and public agencies of the state.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.