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

Tex. Special District Local Laws Code § 1101.159: DEPOSITORY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1101. SUTTON COUNTY HOSPITAL DISTRICT
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The board shall select at least one bank to serve as a depository for district money.

(b) District money, other than money invested as provided by Section 1101.160(b) and money transmitted to a bank for payment of bonds or obligations issued or assumed by the district, shall be deposited as received with the depository bank and shall remain on deposit. This subsection does not limit the power of the board to:

(1) place a portion of district money on time deposit; or

(2) purchase certificates of deposit.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

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

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