Special District Local Laws Code § 1078.159
The board must choose at least one bank to hold district money, and district money must generally be deposited and kept there. The district may not keep more than the FDIC-secured amount in a bank unless extra bond or security is in place.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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FDIC secured deposits bank depository depositary arrangements district money
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Special District Local Laws Code § 1078.159
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