Tex. Spec. Dist. Local Laws Code Section 1115.159
Depository

(a)

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

(b)

All district money, other than money invested as provided by Section 1115.160(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 1115.159 — Depository, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1115.­htm#1115.­159 (accessed May 4, 2024).

1115.001
Definitions 1115.002
Authority for Operation 1115.003
Essential Public Function 1115.004
District Territory 1115.005
District Support and Maintenance Not State Obligation 1115.006
Restriction on State Financial Assistance 1115.051
Board Election 1115.052
Notice of Election 1115.053
Ballot Petition 1115.054
Qualifications for Office 1115.055
Board Vacancy 1115.056
Officers 1115.057
Compensation 1115.058
Voting Requirement 1115.059
District Administrator 1115.060
General Duties of District Administrator 1115.061
Attorney 1115.062
Appointment of Staff and Employees 1115.101
District Responsibility 1115.102
Restriction on Political Subdivision Taxation and Debt 1115.103
Management, Control, and Administration 1115.104
Hospital System 1115.105
Rules 1115.106
Purchasing and Accounting Procedures 1115.107
District Property, Facilities, and Equipment 1115.108
Eminent Domain 1115.109
Gifts and Endowments 1115.110
Construction Contracts 1115.111
Operating and Management Contracts 1115.112
Contracts with Governmental Entities for Care and Treatment 1115.113
Contracts with Governmental Entities for Investigatory or Other Services 1115.114
Payment for Treatment 1115.115
Authority to Sue and Be Sued 1115.116
Election Date 1115.151
Budget 1115.152
Proposed Budget: Notice and Hearing 1115.153
Amendments to Budget 1115.154
Restriction on Expenditures 1115.155
Fiscal Year 1115.156
Annual Audit 1115.157
Inspection of Annual Audit and District Records 1115.158
Financial Report 1115.159
Depository 1115.160
Spending and Investment Restrictions 1115.201
General Obligation Bonds 1115.202
Tax to Pay General Obligation Bonds 1115.203
General Obligation Bond Election 1115.204
Maturity of General Obligation Bonds 1115.205
Execution of General Obligation Bonds 1115.206
Revenue Bonds 1115.207
Refunding Bonds 1115.208
Bonds Exempt from Taxation 1115.251
Imposition of Ad Valorem Tax 1115.252
Tax Rate 1115.253
Assessment and Collection by County Tax Assessor-collector 1115.254
Assessment and Collection by District Tax Assessor-collector
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 1115.159’s source at texas​.gov