Texas § 7811.201 DEPOSITORY.

Texas Statutes

§ 7811.201 — DEPOSITORY.

Texas § 7811.201

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 7811.201 (2026).

Text

Sec. 7811.201. DEPOSITORY.

(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.

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Sec. 7811.201. DEPOSITORY. (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.