Special District Local Laws Code § 1017.159
The board must choose at least one bank for district money, and district money generally must stay deposited there. The district may not deposit more than the FDIC-secured amount unless extra bond or security is posted. The board may also place some money on time deposit or buy certificates of deposit.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
banking deposits financial security
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Special District Local Laws Code § 1017.159
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