Tex. Water Code § 60.271 · Subchapter K. DEPOSITORY
SELECTION OF DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by this section, the commission shall select a depository for the district in the same manner that a municipality selects a municipal depository under Chapter 105, Local Government Code.
(b) The commission in selecting the depository shall act in the same capacity and perform the same duties as the governing body of a municipality in selecting a municipal depository. The chairman of the commission shall act in the same capacity and perform the same duties as the mayor of a municipality. The treasurer of the district shall act in the same capacity and perform the same duties as the treasurer of a municipality.
(c) A bank, credit union, or savings association may not use personal bonds to secure district funds.
(d) Subchapter B, Chapter 2256, Government Code, does not govern the investment of district funds.
(e) Section 105.074(e), Local Government Code, applies to the designated officer of the district.
(f) The district shall adopt payment procedures consistent with Section 105.074(g), Local Government Code. The designated officer of a district may draw a check on a depository only on a warrant signed by the presiding officer and attested by the secretary of the district, or by a procedure adopted under this section.
(g) In this section, "designated officer" has the meaning assigned by Section 105.001, Local Government Code.
Notes and commentary — not statutory text
History
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971. Amended by Acts 1997, 75th Leg., ch. 1400, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1027 (H.B. 2770), Sec. 11, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.60.htm
- Text hash
- sha256 cd70b72b4fa12b7deb2fab08eafbc87234665464f0f28d21634111f6d1f4bc6d
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
Local Government Code
- Tex. Loc. Gov't Code ch. 105DEPOSITORIES FOR MUNICIPAL FUNDSPrinted as Chapter 105, Local Government Code
- Tex. Loc. Gov't Code § 105.001DEFINITIONS.Printed as Section 105.001, Local Government Code
- Tex. Loc. Gov't Code § 105.074PAYMENT OF FUNDS.Printed as Section 105.074(e), Local Government Code | Section 105.074(g), Local Government Code
Cited by 6 provisions
Provisions in this library whose text cites Tex. Water Code § 60.271. Each shows the citation as that text prints it.
Special District Local Laws Code
Water Code
- Tex. Water Code § 61.212DISTRICT DEPOSITORY.Printed as Section 60.271
- Tex. Water Code § 62.153DUTIES OF DISTRICT TREASURER; AUTHORITY OF DESIGNATED OFFICER.Printed as Section 60.271(f) | Section 60.271(g)
- Tex. Water Code § 62.156SELECTION OF DEPOSITORY.Printed as Section 60.271
- Tex. Water Code § 63.109PAYMENT OF COMPENSATION AND EXPENSES.Printed as Section 60.271
- Tex. Water Code § 63.222DISTRICT DEPOSITORY.Printed as Section 60.271
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.