DEPOSITORY — Texas Code § SD.9045.155

Texas Code § SD.9045.155 — DEPOSITORY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.

§ SD.9045.155. DEPOSITORY

DEPOSITORY. (a) The board shall select one or more banks in this state to act as depository for the district's money. (b) To the extent that money in the depository bank is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds. (c) A director may be a shareholder in a bank that is a depository of district money. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.06, eff. April 1, 2017. SUBCHAPTER E. BONDS

Source: official Texas text · Last verified 2026-08-27

At a glance

  • Citation: The Texas Constitution § SD.9045.155
  • 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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It addresses "DEPOSITORY". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

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