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(a) The board shall select one or more banks to serve as the district's depository.
(b) District money shall be deposited as received with the district's depository bank.
(c) All deposits shall be secured in the manner provided for securing county funds. Deposits may be placed on time deposit or used to purchase certificates of deposit.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1010.155. Depository - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1010-155.html
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