Tex. Spec. Dist. Local Laws Code § 5013.152 · Subchapter D. FINANCIAL PROVISIONS
SELECTION OF DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by this section, the authority shall select a depository for the authority in the manner provided by Section 60.271, Water Code.
(b) The authority shall select a depository in a manner to ensure that authority funds are fully insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
(c) The authority may select more than one institution to serve as a depository in order to comply with the requirement under Subsection (b).
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 35 (S.B. 635), Sec. 6, eff. May 15, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5013.htm
- Text hash
- sha256 607e019f84655a8edf1815b4b2e3de8f4156d1f0af74b0c077e5052c36ca3785
- 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.
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