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Texas Special District Local Laws Code - Section 1002.251. Depository

Legal Research Home > Texas Lawyer > Special District Local Laws Code > Texas Special District Local Laws Code - Section 1002.251. Depository

§ 1002.251. DEPOSITORY.  As soon as practicable after the 
creation election results favorably to the creation of the 
district, the board shall by resolution designate a bank within the 
county as the district's depository, and all funds of the district 
shall be secured in the manner provided for the security of county 
funds.  Such depository shall serve for a period of two years and 
until a successor has been selected.

Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.                   

Last modified: August 10, 2007