Tex. Spec. Dist. Local Laws Code Section 1058.156
Depository

(a)

The board shall designate one or more banks to serve as a depository for district money.

(b)

All district money, other than money invested in accordance with Chapter 2256 (Public Funds Investment), Government Code, and money transmitted to a bank for payment of bonds or obligations issued or assumed by the district, shall be immediately deposited on receipt with a depository bank.

(c)

To the extent that money in a depository bank 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.

(d)

Membership on the district’s board of an officer or director of a bank does not disqualify that bank from being designated as depository.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 330 (H.B. 1969), Sec. 9, eff. June 14, 2013.

Source: Section 1058.156 — Depository, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1058.­htm#1058.­156 (accessed Jun. 5, 2024).

1058.001
Definitions 1058.002
Authority for Creation 1058.003
Political Subdivision 1058.004
District Territory 1058.005
Consolidation of District and Rankin County Hospital District 1058.051
Board Election 1058.052
Notice of Election 1058.053
Qualifications for Office 1058.054
Bond 1058.055
Board Vacancy 1058.056
Officers 1058.057
Voting Requirement 1058.058
Records of Proceedings 1058.059
District Administrator 1058.060
General Duties of District Administrator 1058.061
Assistant to District Administrator 1058.062
Legal Counsel 1058.063
Retirement Program 1058.064
Maintenance of Records 1058.065
Seal 1058.101
District Responsibility 1058.102
Restriction on County or Municipal Taxation 1058.103
Management and Control of District 1058.104
Eminent Domain 1058.105
Gifts and Endowments 1058.106
Construction Contracts 1058.107
Contracts with Governmental Entities for Care and Treatment 1058.108
Payment for Treatment 1058.109
Authority to Sue and Be Sued 1058.151
Budget 1058.152
Proposed Budget: Notice and Hearing 1058.153
Fiscal Year 1058.154
Annual Audit 1058.155
Financial Report 1058.156
Depository 1058.201
General Obligation Bonds 1058.202
Tax to Pay General Obligation Bonds 1058.203
General Obligation Bond Election 1058.204
Maturity of General Obligation Bonds 1058.205
Execution of General Obligation Bonds 1058.206
Revenue Bonds 1058.207
Refunding Bonds 1058.208
Additional Means of Securing Repayment of Bonds 1058.209
Use of Bond Proceeds 1058.251
Imposition of Ad Valorem Tax 1058.252
Tax Rate 1058.253
Tax Assessor-collector 1058.301
Dissolution 1058.302
Notice of Election 1058.303
Ballot 1058.304
Election Results 1058.305
Transfer or Administration of Assets 1058.306
Imposition of Tax and Return of Surplus Taxes 1058.307
Report
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1058.156’s source at texas​.gov