Tex. Spec. Dist. Local Laws Code Section 1040.155
Depository or Treasurer

(a)

The board by resolution shall designate a bank or banks as the district’s depository.

(b)

All income received by the district shall be deposited with the district depository.

(c)

All district money shall be secured in the manner provided for securing county funds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Amended by:

Acts 2015, 84th Leg., R.S., Ch. 131 (H.B. 795), Sec. 5, eff. May 28, 2015.

Source: Section 1040.155 — Depository or Treasurer, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1040.htm#1040.155 (accessed May 26, 2025).

1040.001
Definitions 1040.002
Authority for Operation 1040.003
Political Subdivision 1040.004
District Territory 1040.005
Correction of Invalid Procedures 1040.051
Board 1040.052
Qualifications for Office 1040.053
Bond 1040.054
Officers 1040.055
Compensation 1040.056
Voting Requirement 1040.057
Employees 1040.058
Maintenance of Records 1040.059
Seal 1040.101
District Responsibility 1040.102
Restriction on County or Municipality Taxation 1040.103
Management and Control 1040.104
Rules 1040.105
Purchasing and Accounting Procedures 1040.106
Eminent Domain 1040.107
Gifts and Endowments 1040.108
Payment for Treatment 1040.109
Authority to Sue and Be Sued 1040.151
Budget 1040.152
Proposed Budget: Notice and Hearing 1040.153
Fiscal Year 1040.154
Annual Audit 1040.155
Depository or Treasurer 1040.201
General Obligation Bonds 1040.202
Tax to Pay General Obligation Bonds 1040.203
General Obligation Bond Election 1040.204
Maturity of General Obligation Bonds 1040.205
Execution of General Obligation Bonds 1040.206
Refunding Bonds 1040.207
Revenue Bonds 1040.208
Additional Means of Securing Repayment of Bonds 1040.209
Use of Bond Proceeds 1040.251
Imposition of Ad Valorem Tax 1040.252
Tax Rate 1040.253
Tax Assessor-collector

Verified:
May 26, 2025

§ 1040.155. Depository or Treasurer's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_1040.155

Original Source: Section 1040.155 — Depository or Treasurer, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1040.htm#1040.155 (last accessed May 10, 2025).