Sec. 281.093. DEPOSITORY. (a) Not later than the 30th day after the appointment of the board, the board shall:
(1) select a depository for district funds in the manner provided by law for the selection of a county depository; or
(2) elect to use the depository previously selected by the county.
(b) If the board selects a depository in accordance with Subsection (a)(1), the depository shall serve as the district depository for four years and until its successor is selected and qualified.
(c) The board may extend any contract with a depository to the next October and then select a depository for the following four years.
(d) All income of the district shall be deposited in the district depository.
(e) Warrants against district funds do not require the county clerk's signature.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 246, Sec. 1, eff. Aug. 30, 1993.
Section: Previous 281.057 281.058 281.071 281.072 281.073 281.091 281.092 281.093 281.094 281.095 281.096 281.101 281.102 281.103 281.104 NextLast modified: September 28, 2016