GroundRules
Tex. Special District Local Laws Code § 8501.266: DEPOSIT OF PROCEEDS.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE G. RIVER AUTHORITIES
- CHAPTER 8501. ANGELINA AND NECHES RIVER AUTHORITY
- SUBCHAPTER F. OBLIGATIONS RELATING TO BORROWED MONEY
(a) The proceeds of the sale of an obligation issued under this chapter may be:
(1) deposited in one or more banks on which the purchaser of the obligations and the board agree; and
(2) deposited and paid out under the conditions and other terms to which the purchaser and board agree.
(b) The statutes of this state relating to the deposit of authority funds in the depository of the authority do not apply to the deposit of the proceeds of the sale of an obligation issued under this chapter.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Collected 2026-08-27T01:47:41Z. Source file · JSON