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

Tex. Transportation Code § 457.057: DEPOSIT OF MONEY.

Where this section sits in the code

TRANSPORTATION CODE
TITLE 6. ROADWAYS
SUBTITLE K. MASS TRANSPORTATION
CHAPTER 457. COUNTY MASS TRANSIT AUTHORITY
SUBCHAPTER B. CREATION AND ADMINISTRATION OF AUTHORITY

(a) The board shall designate one or more banks as depositories for authority funds. All authority money, other than money invested as provided by Section 457.056, shall be deposited in one or more of the authority's depository banks.

(b) Funds in a depository, to the extent that those funds are not insured by the Federal Deposit Insurance Corporation, shall be secured in the manner provided by law for the security of county funds.

Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.35(a), eff. Sept. 1, 1997.

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

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