Tex. Spec. Dist. Local Laws Code § 8510.0409 · 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 designate one or more banks in the authority to serve as depository for the authority's money.
(b) Authority money shall be deposited in a depository, except that:
(1) money pledged to pay bonds may be deposited with the trustee bank named in the trust agreement; and
(2) money shall be remitted to the bank of payment for the payment of the principal of and interest on bonds.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8510.htm
- Text hash
- sha256 b089d94c534bc4daf6ca71fe964d075365a3bb3d6efc0a9e6b7ecd601971a248
- 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.