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Texas Special District Local Laws Code - SDLL § 1057.152. Depository

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board by resolution shall designate a bank in the county as the district's depository. A designated bank serves for two years and until a successor is designated.

(b) All income received by the district shall be deposited with the district depository.

(c) The net revenue from the tax imposed under Section 1057.201 may be withdrawn as directed by the board.

(d) All district money shall be secured in the manner provided for securing county funds.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1057.152. Depository - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1057-152/

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