Tex. Transp. Code § 364.051 · Subchapter C. BONDS AND FINANCES
DEPOSITORY OF BOND PROCEEDS AND OTHER REVENUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Any bank or trust company in this state may be the depository of the proceeds of bonds issued under this chapter or revenues derived from the operation of a toll bridge acquired under this chapter.
(b) The cash proceeds of the sale shall be deposited in the depository and shall be paid under the terms and conditions agreed on by the commissioners court and the purchasers of the bonds.
(c) A depository may furnish the indemnity bonds or pledge the securities required by the county.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.364.htm
- Text hash
- sha256 f06688826d7db3160ef15b7e4a64329af3dec8f88d469855b54e90bda7caa0d8
- 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.