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

Tex. Transportation Code § 172.254: DEPOSITORY.

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Where this section sits in the code
  1. TRANSPORTATION CODE
  2. TITLE 5. RAILROADS
  3. SUBTITLE I. SPECIAL DISTRICTS
  4. CHAPTER 172. RURAL RAIL TRANSPORTATION DISTRICTS
  5. SUBCHAPTER F. FINANCIAL PROVISIONS

(a) The board by resolution shall name one or more banks for the deposit of district funds.

(b) District funds are public funds and may be invested in securities permitted by Chapter 2256, Government Code.

(c) To the extent district funds are not insured by the Federal Deposit Insurance Corporation or its successor, the funds shall be collateralized in the manner provided for county funds.

Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.04, eff. April 1, 2011.

Collected 2026-08-27T01:47:44Z. Source file · JSON

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