Sec. 301.010.  BONDS AS INVESTMENTS.  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.