Special District Local Laws Code § 1082.159
The board must choose at least one bank as a depository for district money, and the district may not deposit more than the FDIC-insured amount unless the bank first provides enough bond or other security. The board may also place some district money on time deposit or buy certificates of deposit.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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banking depositories public funds
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Special District Local Laws Code § 1082.159
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