Texas Statutes
§ 1069.209 — DEPOSITORY.
Texas § 1069.209
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 1069.209 (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. Special District Local Laws Code Code Ann. § 1069.209 (2026).
Text
Sec. 1069.209. DEPOSITORY.
(a)The board shall select one or more banks in the district to serve as a depository for district money.
(b)All district money shall be immediately deposited on receipt with a depository bank, except that sufficient money must be remitted to the place or places designated as agent for the payment of principal of and interest on the district's outstanding bonds or other obligations assumed by the district in time for the agent to make that payment on or before the maturity date of the principal and interest.
(c)To the extent that money in a depository bank 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.
(d)Membership on the district's board of an officer or d
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Legislative History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147 ), Sec. 1.01, eff. April 1, 2013.
Nearby Sections
15
§ 1069.001
DEFINITIONS.§ 1069.002
AUTHORITY FOR OPERATION.§ 1069.003
ESSENTIAL PUBLIC FUNCTION.§ 1069.004
DISTRICT TERRITORY.§ 1069.051
BOARD ELECTION; TERM.§ 1069.052
NOTICE OF ELECTION.§ 1069.053
BALLOT PETITION.§ 1069.054
QUALIFICATIONS FOR OFFICE.§ 1069.055
BOARD VACANCY.§ 1069.056
OFFICERS.§ 1069.057
QUORUM; VOTING REQUIREMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1069.209, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/1069.209.