Texas Transportation Code - Section 257.110. District Treasurer Or Depository
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§ 257.110. DISTRICT TREASURER OR DEPOSITORY. (a) At a
joint meeting held for that purpose in the county having the
greatest population, the commissioners of the counties included in
whole or part in a road district established under this subchapter
shall select a treasurer or depository for the district. The
treasurer or depository must be a bank, banking corporation, or
individual banker resident in the district.
(b) The treasurer or depository is governed by the laws and
subject to the penalties applicable by law to a depository of county
money.
(c) The selected treasurer or depository may not receive any
road district money until the treasurer or depository gives a
surety bond to the district:
(1) in an amount equal to the amount of district money
deposited;
(2) made with a corporate surety authorized to do
business in the state; and
(3) conditioned on the safekeeping and paying of the
district money.
Acts 1995, 74th Leg., ch. 165, § 1, eff. Sept. 1, 1995.
Section: 257.103 257.104 257.105 257.106 257.107 257.108 257.109 257.110 257.111 257.112 257.113 257.114 257.115 257.116 257.117
Last modified: August 10, 2007
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