Texas § 49.156 DEPOSITORY.

Texas Statutes

§ 49.156 — DEPOSITORY.

Texas § 49.156

Code WAWater Code

This text of Texas § 49.156 (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. Water Code Code Ann. § 49.156 (2026).

Text

Sec. 49.156. DEPOSITORY.

(a)The board, by order or resolution, shall designate one or more banks or savings associations within the state to serve as the depository for the funds of the district. The board shall not be required to advertise or solicit bids in selecting its depositories.

(b)To the extent that funds in the depository banks or savings associations are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided by law for the security of funds by Chapter 2257 , Government Code (Public Funds Collateral Act).

(c)The board may authorize a designated representative to supervise the substitution of securities pledged to secure the district's funds.

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Sec. 49.156. DEPOSITORY. (a) The board, by order or resolution, shall designate one or more banks or savings associations within the state to serve as the depository for the funds of the district. The board shall not be required to advertise or solicit bids in selecting its depositories.
(b) To the extent that funds in the depository banks or savings associations are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided by law for the security of funds by Chapter 2257 , Government Code (Public Funds Collateral Act).
(c) The board may authorize a designated representative to supervise the substitution of securities pledged to secure the district's funds.