yourstate.us
Home / Texas / Transportation Code
Tex. Transportation Code § 364.051

DEPOSITORY OF BOND PROCEEDS AND OTHER REVENUE

Texas · Texas Transportation Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Transportation Code § 364.051, DEPOSITORY OF BOND PROCEEDS AND OTHER REVENUE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/569898
Permanent ID
ys:prov:569898@1
SHA-256
9c01a338789d1118d2ef3c1b7612ce9f86c3772c06638d1161c8a4e51a4d1aea

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(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.