Water financial assistance bonds are legal and authorized investments for:
(1) banks;
(2) savings banks;
(3) trust companies;
(4) savings and loan associations;
(5) insurance companies;
(6) fiduciaries;
(7) trustees;
(8) guardians; and
(9) sinking funds and other public funds of the state and its agencies and of political subdivisions of the state.
Official text of the Texas Water Code as published by the Texas Legislative Council.