Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 1076.157: DEPOSITORY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1076. STARR COUNTY HOSPITAL DISTRICT OF STARR COUNTY, TEXAS
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The board shall select one or more banks in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities.

(b) The depository shall, as determined by the board:

(1) furnish indemnity bonds;

(2) pledge securities; or

(3) meet any other requirement.

(c) Membership on the district's board of an officer or director of a bank does not disqualify the bank from being selected as depository.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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