Special District Local Laws Code § 1028.159
The board must choose at least one bank as a depository for district money, and district money must generally be deposited and kept there. The district may not keep deposits above FDIC coverage unless the bank provides a bond or other security.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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FDIC coverage bank deposits depository district funds security for deposits
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Special District Local Laws Code § 1028.159
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