Tex. Spec. Dist. Local Laws Code § 9305.0403 · Subchapter D. GENERAL FINANCIAL PROVISIONS
DEPOSITORY.
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 designate one or more banks to serve as a depository for district money.
(b) District money shall be deposited in a designated depository, except that money shall be remitted to the bank of payment to pay the principal of and interest on the district's outstanding bonds.
(c) Membership of a bank officer or director on the board does not disqualify the bank from being designated as a depository.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.04, 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.9305.htm
- Text hash
- sha256 8dc266aed0d99d4cd667c5e14f2c46f510decd4806e8fd7141cb0a5eaf252c0a
- 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.