Tex. Spec. Dist. Local Laws Code Section 9050.152
Depository


(a)

The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities.

(b)

The depository shall, as determined by the board:

(1)

furnish indemnity bonds;

(2)

pledge securities; or

(3)

meet any other requirements.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.

Source: Section 9050.152 — Depository, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9050.­htm#9050.­152 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 9050.152’s source at texas​.gov