Tex. Special District Local Laws Code § 7811.201
DEPOSITORY
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 7811.201, DEPOSITORY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/603369
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Full text
(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.