Tex. Spec. Dists. Code § 8154.152

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

Section 8154.152 - Depository

(a) The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities.

(b) The depository shall, as determined by the board:

(1) furnish indemnity bonds;

(2) pledge securities; or

(3) meet any other requirement.

Tex. Spec. Dist. Loc. Laws § 8154.152

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.10, eff. 4/1/2009.