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

Tex. Special District Local Laws Code § 8515.0402: DEPOSITORY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 6. WATER AND WASTEWATER
SUBTITLE G. RIVER AUTHORITIES
CHAPTER 8515. UPPER GUADALUPE RIVER AUTHORITY
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

Text of section effective on April 01, 2027

(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 authority facilities.

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

(1) provide indemnity bonds;

(2) pledge securities; or

(3) meet any other requirements.

Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.

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

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