Tex. Transp. Code § 172.254 · Subchapter F. FINANCIAL PROVISIONS
DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board by resolution shall name one or more banks for the deposit of district funds.
(b) District funds are public funds and may be invested in securities permitted by Chapter 2256, Government Code.
(c) To the extent district funds are not insured by the Federal Deposit Insurance Corporation or its successor, the funds shall be collateralized in the manner provided for county funds.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.172.htm
- Text hash
- sha256 b9bd30db4ae17e6b9d139dc7464e401f585a8c74d8a6da0c7dd45aebc2e28ad5
- 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
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