Section 8282.205 - Deposit and Security of District Money(a) The district's treasurer shall have district money deposited and invested in the district's depository bank or other banks or savings associations selected by the district's authorized investment officers.(b) To the extent that deposited or invested money is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds.Tex. Spec. Dist. Loc. Laws § 8282.205
Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.04, eff. 4/1/2011.