Texas § 8801.064 DEPOSITORY.

Texas Statutes

§ 8801.064 — DEPOSITORY.

Texas § 8801.064

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 8801.064 (2026).

Text

Sec. 8801.064. DEPOSITORY.

(a)The board shall name one or more banks to serve as depository for district money.

(b)District money must be deposited as received with the depository bank and must remain on deposit. This subsection does not limit the power of the board to place a portion of the district's money on time deposit or to purchase certificates of deposit or other authorized investments.

(c)To the extent that money in the depository is not insured by the Federal Deposit Insurance Corporation, the money must be secured as provided by Chapter 2257 , Government Code.

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Sec. 8801.064. DEPOSITORY. (a) The board shall name one or more banks to serve as depository for district money.
(b) District money must be deposited as received with the depository bank and must remain on deposit. This subsection does not limit the power of the board to place a portion of the district's money on time deposit or to purchase certificates of deposit or other authorized investments.
(c) To the extent that money in the depository is not insured by the Federal Deposit Insurance Corporation, the money must be secured as provided by Chapter 2257 , Government Code.