Tex. Spec. Dist. Local Laws Code § 7816.0401 · Subchapter D. GENERAL FINANCIAL PROVISIONS
DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall designate one or more banks to serve as the depository for district money.
(b) District money shall be deposited as received in a depository bank, other than money transmitted to a bank for payment of bonds issued by the district.
(c) If district money is deposited in a depository that 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.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 557 (H.B. 4726), Sec. 1, eff. June 10, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7816.htm
- Text hash
- sha256 e3c4e62c8037fc2beffcaad2d87fe249ebfe97a01e3be24e9be90653c72a19ea
- 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.