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Texas Special District Local Laws Code - SDLL § 7811.201. Depository

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

(a) The board shall designate one or more banks to serve as the depository for district money.

(b) District money shall be deposited as received in a depository bank, other than money transmitted to a bank for payment of bonds issued by the district.

(c) If district money is deposited in a depository that is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds. (Acts 68th Leg., R.S., Ch. 1081, Secs. 11(a), (b), (c).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 7811.201. Depository - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-7811-201/

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