Tex. Spec. Dists. Code § 1010.155

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1010.155 - Depository

(a) The board shall select one or more banks to serve as the district's depository.

(b) District money shall be deposited as received with the district's depository bank.

(c) All deposits shall be secured in the manner provided for securing county funds. Deposits may be placed on time deposit or used to purchase certificates of deposit.

Tex. Spec. Dist. Loc. Laws § 1010.155

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.