Tex. Spec. Dist. Local Laws Code § 8501.266 · Subchapter F. OBLIGATIONS RELATING TO BORROWED MONEY
DEPOSIT OF PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The proceeds of the sale of an obligation issued under this chapter may be:
(1) deposited in one or more banks on which the purchaser of the obligations and the board agree; and
(2) deposited and paid out under the conditions and other terms to which the purchaser and board agree.
(b) The statutes of this state relating to the deposit of authority funds in the depository of the authority do not apply to the deposit of the proceeds of the sale of an obligation issued under this chapter.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8501.htm
- Text hash
- sha256 856a82485d6a2f1d39eb02401d9e9cf9307808995a2c700e42d4b351fcaf1048
- 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.