Tex. Spec. Dist. Local Laws Code Section 8282.205
Deposit and Security of District Money

(a)

The district’s treasurer shall have district money deposited and invested in the district’s depository bank or other banks or savings associations selected by the district’s authorized investment officers.

(b)

To the extent that deposited or invested money 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.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.

Source: Section 8282.205 — Deposit and Security of District Money, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8282.htm#8282.205 (accessed May 26, 2025).

8282.001
Definitions 8282.002
Nature of District 8282.003
Findings of Benefit and Public Purpose 8282.051
District Territory 8282.052
City Approval Required for Annexation 8282.101
Composition of Board 8282.102
Vacancy 8282.103
Officers and Assistants 8282.104
Compensation 8282.105
Board Procedures 8282.151
Municipal Utility District Powers 8282.152
Authority to Construct or Acquire Works and Facilities 8282.153
Roads 8282.154
Improvement Projects and Services 8282.155
Fire Department 8282.156
District Contracts 8282.157
General Contracting Authority 8282.158
Water and Sewer Contracts 8282.159
Eminent Domain 8282.160
Provision of Water and Sewer Services by City 8282.161
Regulatory Authority 8282.162
Police Protection 8282.163
District Elections 8282.164
Applicability of City Ordinances, Codes, Resolutions, and Rules 8282.201
General Financial Powers 8282.202
Tax Method 8282.203
Tax Collector 8282.204
Use of Maintenance Tax 8282.205
Deposit and Security of District Money 8282.206
Investment of District Money 8282.251
Authority to Issue Bonds 8282.252
Authority to Issue Bonds for Roads and Turnpikes 8282.253
Authority to Issue Bonds for Improvement Projects or Services 8282.254
Obligations

Verified:
May 26, 2025

§ 8282.205. Deposit & Sec. of Dist. Money's source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8282.205

Original Source: Section 8282.205 — Deposit and Security of District Money, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8282.htm#8282.205 (last accessed May 10, 2025).