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

Tex. Special District Local Laws Code § 8154.152: DEPOSITORY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 6. WATER AND WASTEWATER
SUBTITLE F. MUNICIPAL UTILITY DISTRICTS
CHAPTER 8154. BLUE RIDGE WEST MUNICIPAL UTILITY DISTRICT
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The board shall select one or more banks or trust companies 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.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.10, eff. April 1, 2009.

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

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