DEPOSITORY.

Tex. SPEC. DIST. LOCAL LAWS Code § 9305.0403.
in effect
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(a) The board shall designate one or more banks to serve as a depository for district money. (b) District money shall be deposited in a designated depository, except that money shall be remitted to the bank of payment to pay the principal of and interest on the district's outstanding bonds. (c) Membership of a bank officer or director on the board does not disqualify the bank from being designated as a depository. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.04, eff. April 1, 2027. Text of section effective on April 01, 2027
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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