Local Government Code § 325.067
The board must designate one or more banks as depositories for district funds, and district funds generally must be deposited as received. Banks must provide bond or other security before deposits above the FDIC-secured amount. The board may also place some funds 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 ↗
bank security depository arrangements district funds
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Local Government Code § 325.067
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