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

Tex. Special District Local Laws Code § 8270.205: DEPOSITORY.

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Where this section sits in the code
  1. SPECIAL DISTRICT LOCAL LAWS CODE
  2. TITLE 6. WATER AND WASTEWATER
  3. SUBTITLE F. MUNICIPAL UTILITY DISTRICTS
  4. CHAPTER 8270. CNP UTILITY DISTRICT
  5. SUBCHAPTER E. GENERAL FINANCIAL PROVISIONS

(a) The board shall select one or more banks in this state to act as depository for the district's funds.

(b) To the extent that funds in the depository bank are not insured by the Federal Deposit Insurance Corporation, the funds must be secured in the manner provided by law for the security of county funds.

(c) A director may be a shareholder in a depository of district funds.

Redesignated from Special District Local Laws Code, Chapter 9013 and amended by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 21.101, eff. September 1, 2009.

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

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