Tex. Spec. Dist. Local Laws Code § 1010.155 · Subchapter D. GENERAL FINANCIAL PROVISIONS
DEPOSITORY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall select one or more banks to serve as the district's depository.
(b) District money shall be deposited as received with the district's depository bank.
(c) All deposits shall be secured in the manner provided for securing county funds. Deposits may be placed on time deposit or used to purchase certificates of deposit.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1010.htm
- Text hash
- sha256 977e31ed8fc8604649e929c5e0d75e78694d5d63d37bfbfe82bdaf46940e9212
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.