Bonds issued under this chapter are legal and authorized investments for:
(1) banks;
(2) savings banks;
(3) trust companies;
(4) building 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.
Official text of the Texas Water Code as published by the Texas Legislative Council.