Texas § 8284.156 DEPOSITORY.

Texas Statutes

§ 8284.156 — DEPOSITORY.

Texas § 8284.156

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 8284.156 (2026).

Text

Sec. 8284.156. DEPOSITORY.

(a)The board shall select one or more banks in this state to act as depository for the district's money.

(b)To the extent that money in the 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.

(c)A director may be a shareholder in a bank that is a depository of district money. SUBCHAPTER E. BONDS

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Sec. 8284.156. DEPOSITORY. (a) The board shall select one or more banks in this state to act as depository for the district's money.
(b) To the extent that money in the 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.
(c) A director may be a shareholder in a bank that is a depository of district money.
SUBCHAPTER E. BONDS