Texas Statutes
§ 8515.0402 — DEPOSITORY.
Texas § 8515.0402
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 8515.0402 (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. § 8515.0402 (2026).
Text
Text of section effective on April 01, 2027 Sec. 8515.0402. DEPOSITORY.
(a)The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of authority facilities.
(b)The depository shall, as determined by the board:
(1)provide indemnity bonds;
(2)pledge securities; or
(3)meet any other requirements.
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Legislative History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.02, eff. April 1, 2027.
Nearby Sections
15
§ 8515.0101
DEFINITIONS.§ 8515.0102
NATURE OF AUTHORITY.§ 8515.0103
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 8515.0104
REVIEW SCHEDULE UNDER SUNSET ACT.§ 8515.0105
TERRITORY.§ 8515.0201
MEMBERSHIP OF BOARD.§ 8515.0202
TERMS.§ 8515.0203
REMOVAL.§ 8515.0204
VACANCY.§ 8515.0205
OATH AND BOND REQUIREMENT FOR DIRECTORS.§ 8515.0206
OFFICERS.§ 8515.0207
VOTE BY PRESIDENT.§ 8515.0208
ABSENCE OR INACTION OF PRESIDENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 8515.0402, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/8515.0402.