DEPOSITORY — Texas Code § SD.9053.152
Texas Code § SD.9053.152 — DEPOSITORY. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ SD.9053.152. DEPOSITORY
DEPOSITORY. (a) The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities. (b) The depository shall, as determined by the board: (1) furnish indemnity bonds; (2) pledge securities; or (3) meet any other requirements. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.06, eff. April 1, 2017.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § SD.9053.152
- 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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