Tex. Spec. Dist. Local Laws Code § 1057.152 · Subchapter D. GENERAL FINANCIAL PROVISIONS
DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board by resolution shall designate a bank in the county as the district's depository. A designated bank serves for two years and until a successor is designated.
(b) All income received by the district shall be deposited with the district depository.
(c) The net revenue from the tax imposed under Section 1057.201 may be withdrawn as directed by the board.
(d) All district money shall be secured in the manner provided for securing county funds.
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.1057.htm
- Text hash
- sha256 f4738ff217b4a93856578ff30c96d2b864f2c4c8ec44169a0d57f948b07ff361
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Special District Local Laws Code
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.