Tex. Spec. Dist. Local Laws Code § 8515.0402 · Subchapter D. GENERAL FINANCIAL PROVISIONS
DEPOSITORY.
Verbatim from the official edition
Not yet in force
Text of section effective on April 01, 2027
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of authority facilities.
(b) The depository shall, as determined by the board:
(1) provide indemnity bonds;
(2) pledge securities; or
(3) meet any other requirements.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8515.htm
- Text hash
- sha256 edaa6783ec9ff77f99d347dd1814247a5a70a67477a71c4bb3a9059c8c388f93
- 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.