Texas Statutes
§ 172.254 — DEPOSITORY.
Texas § 172.254
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 172.254 (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. Transportation Code Code Ann. § 172.254 (2026).
Text
Sec. 172.254. DEPOSITORY.
(a)The board by resolution shall name one or more banks for the deposit of district funds.
(b)District funds are public funds and may be invested in securities permitted by Chapter 2256 , Government Code.
(c)To the extent district funds are not insured by the Federal Deposit Insurance Corporation or its successor, the funds shall be collateralized in the manner provided for county funds.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540 ), Sec. 2.04, eff. April 1, 2011.
Nearby Sections
15
§ 172.001
DEFINITIONS.§ 172.002
NATURE OF DISTRICT.§ 172.003
FINDINGS.§ 172.051
APPLICABILITY.§ 172.053
CREATION OF DISTRICT BY ONE COUNTY.§ 172.054
NOTICE OF CREATION.§ 172.101
CONTROL OF DISTRICT.§ 172.102
TERMS.§ 172.103
QUALIFICATIONS FOR OFFICE.§ 172.104
VACANCY.§ 172.105
REMOVAL.§ 172.106
OFFICERS.§ 172.107
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Bluebook (online)
Texas § 172.254, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/172.254.