Tex. Local Gov't Code Section 563.059
Deposit of Revenue

(a)

Except as provided by Subsection (b), the treasurer of the board shall deposit all revenue from a system operated and managed by the board to the credit of one or more separate accounts in the county depository.

(b)

The treasurer may deposit amounts set aside for the payment or security of obligations issued on behalf of the board with the paying agent as provided by the order authorizing the issuance of the obligations.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 15, eff. Sept. 1, 1999.

Renumbered from Local Government Code, Section 413.059 by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.76(b)(3), eff. April 1, 2009.

Source: Section 563.059 — Deposit of Revenue, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.563.htm#563.059 (accessed Jun. 5, 2024).

563.001
Applicability of Chapter 563.002
County Financing of Water or Wastewater System 563.051
Definition 563.052
Authority to Establish Board 563.053
Board Composition 563.054
Board Officers 563.055
Compensation of Directors 563.056
Applicability of Other Law to Board and County 563.057
Bylaws 563.058
Utility System’s Budget 563.059
Deposit of Revenue 563.060
Disbursement of Utility System’s Money 563.061
Rates and Charges 563.062
Use of Eminent Domain Prohibited 563.063
Extension or Improvement of System 563.064
Purchase of Water or Wastewater System 563.065
Abolition of Conservation and Reclamation District 563.066
Authority to Issue Ad Valorem Tax Obligations 563.067
Authority to Issue Revenue Obligations 563.068
Maturity 563.101
Pledge for Payment of Bonds 563.102
Additional Bond Security 563.103
Contents of Order or Resolution Authorizing Issuance of Bonds 563.104
Adoption and Execution of Documents 563.105
Maturity 563.106
Authorized Investment for Savings and Loan Association 563.107
Exemption from Taxation 563.151
Authority to Issue Refunding Bonds 563.152
Sources Available for Payment 563.153
Registration 563.154
Authority to Deposit with Paying Agent 563.155
Manner of Refunding

Accessed:
Jun. 5, 2024

§ 563.059’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._local_gov't_code_section_563.059

Original Source: Section 563.059 — Deposit of Revenue, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.563.htm#563.059 (last accessed Jun. 5, 2024).