Texas Statutes
§ 173.254 — DEPOSITORY.
Texas § 173.254
JurisdictionTexas
Code TNTransportation Code
This text of Texas § 173.254 (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. § 173.254 (2026).
Text
Sec. 173.254. 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
§ 173.001
DEFINITION OF PERSON.§ 173.002
DEFINITIONS.§ 173.003
LOCATION OF MUNICIPALITY IN COUNTY.§ 173.004
NATURE OF DISTRICT.§ 173.051
CREATION OF DISTRICT.§ 173.101
CONTROL OF DISTRICT.§ 173.102
COMPOSITION OF BOARD; TERMS.§ 173.103
VACANCY.§ 173.104
PRESIDING OFFICER.§ 173.105
MEETINGS.§ 173.107
RULES FOR PROCEEDINGS.§ 173.108
COMPENSATION; REIMBURSEMENT.§ 173.109
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Bluebook (online)
Texas § 173.254, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/173.254.