Texas Statutes
§ 281.059 — DEPOSITORY.
Texas § 281.059
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 281.059 (DEPOSITORY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 281.059 (2026).
Text
Sec. 281.059. DEPOSITORY. The board shall designate by order or resolution one or more banks in or out of the authority's boundaries to serve as the depository for the authority's funds. All funds of the authority shall be deposited in its depository unless an order or resolution authorizing the issuance of the authority's bonds requires a different disposition. To the extent that funds in a depository bank are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided for the security of county funds.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 281.001
SHORT TITLE.§ 281.002
DEFINITIONS.§ 281.011
CHARACTERISTICS.§ 281.012
COMPOSITION.§ 281.013
PETITION.§ 281.014
NOTICE.§ 281.015
HEARING.§ 281.016
FINAL ORDER AND APPEAL.§ 281.021
BOARD OF DIRECTORS.§ 281.022
QUALIFICATIONS.§ 281.024
BOND; OATHS OF OFFICE.§ 281.025
OFFICERS.§ 281.026
BYLAWS.§ 281.027
OFFICE AND MEETING PLACE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 281.059, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/281.059.