Tex. Spec. Dist. Local Laws Code Section 1110.159
Depository

(a)

The board shall select one or more banks inside or outside the district to serve as a depository for district money.

(b)

District money, other than money invested as provided by Section 1110.160 (Spending and Investment Restrictions)(b) and money transmitted to a bank for payment of bonds or obligations issued or assumed by the district, shall be deposited as received with the depository bank and shall remain on deposit.

(c)

This chapter, including Subsection (b), does not limit the power of the board to:

(1)

place a part of district money on time deposit; or

(2)

purchase certificates of deposit.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Source: Section 1110.159 — Depository, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1110.­htm#1110.­159 (accessed Jun. 5, 2024).

1110.001
Definitions 1110.002
Authority for Operation 1110.003
Essential Public Function 1110.004
District Territory 1110.005
Correction of Invalid Procedures 1110.006
District Support and Maintenance Not State Obligation 1110.007
Restriction on State Financial Assistance 1110.051
Board Election 1110.052
Qualifications for Office 1110.053
Ex Officio Director 1110.054
Ballot Petition 1110.055
Notice of Election 1110.056
Board Vacancy 1110.057
Officers 1110.058
Compensation 1110.059
Bond 1110.060
Voting Requirement 1110.061
Board Meetings 1110.062
District Administrator 1110.063
General Duties of District Administrator 1110.064
Appointment of Staff and Employees 1110.065
Seniority 1110.101
District Responsibility 1110.102
Restriction on Political Subdivision Taxation and Debt 1110.103
Management, Control, and Administration 1110.104
Hospital System 1110.105
Rules 1110.106
Purchasing and Accounting 1110.107
Operating, Management, or Consulting Contracts 1110.108
District Property, Facilities, and Equipment 1110.109
Gifts and Endowments 1110.110
Construction and Purchase Contracts 1110.111
Contracts with Governmental Entities for Care and Treatment 1110.112
Contracts with Governmental Entities for Investigatory or Other Services 1110.113
Payment for Treatment 1110.114
Fee Schedule for Out-of-district Residents 1110.115
Authority to Sue and Be Sued 1110.151
Budget 1110.152
Proposed Budget: Notice and Hearing 1110.153
Amendments to Budget 1110.154
Restriction on Expenditures 1110.155
Fiscal Year 1110.156
Annual Audit 1110.157
Inspection of Audit and District Records 1110.158
Financial Report 1110.159
Depository 1110.160
Spending and Investment Restrictions 1110.201
General Obligation Bonds 1110.202
Tax to Pay General Obligation Bonds 1110.203
General Obligation Bond Election 1110.204
Revenue Bonds 1110.205
Refunding Bonds 1110.206
Maturity of Bonds 1110.207
Execution of Bonds 1110.208
Bonds Exempt from Taxation 1110.251
Imposition of Ad Valorem Tax 1110.252
Tax Rate
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1110.159’s source at texas​.gov