DEPOSITORY — Texas Code § SD.1003.154
Texas Code § SD.1003.154 — DEPOSITORY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ SD.1003.154. DEPOSITORY
DEPOSITORY. (a) The board by resolution shall designate one or more banks in the district as the district's depository or treasurer. A designated bank serves for two years and until a successor is designated. (b) All income received by the district, including tax revenue after deducting discounts and fees for assessing and collecting the taxes, shall be deposited with the district depository and may be withdrawn only as provided by this chapter. (c) All district funds shall be secured in the manner provided for securing county funds. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005. SUBCHAPTER E. BONDS
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § SD.1003.154
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: DEPOSITORY
- Text: transcribed from the official source (verify below)
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Common questions
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The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § SD.1003.154 address?
It addresses "DEPOSITORY". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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