Special District Local Laws Code § 1068.159
The board must choose at least one bank as a depository for district money, and district money generally must be deposited and kept on deposit there. The district may not leave money in a bank above the FDIC-secured amount unless extra bond or other security is provided. The board still has power to place some money on
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The board must choose at least one bank as a depository for district money, and district money generally must be deposited and kept on deposit there. The district may not leave money in a bank above the FDIC-secured amount unless extra bond or other security is provided. The board still has power to place some money on time deposit or buy certificates of deposit.
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Special District Local Laws Code § 1068.159
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