GroundRules
Tex. Special District Local Laws Code § 9601.152: DEPOSITORY.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE L. MUNICIPAL AND COUNTY WATER DISTRICTS
- CHAPTER 9601. RIVERBEND WATER RESOURCES DISTRICT
- SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS
District money shall be deposited in the depository or depositories designated by the board, except that:
(1) bond proceeds and money pledged to pay bonds, to the extent provided in the proceedings authorizing the issuance of bonds, or the trust indenture securing the bonds, may be deposited with another depository or trustee named in the proceedings or trust indenture; and
(2) money shall be remitted to each paying agent for the payment of principal of and interest on the bonds.
Added by Acts 2009, 81st Leg., R.S., Ch. 523 (S.B. 1223), Sec. 1, eff. June 19, 2009.
Collected 2026-08-27T01:47:41Z. Source file · JSON