Tex. Water Code § 62.155: DEPOSIT IN BANKING CORPORATION.
Where this section sits in the code
- WATER CODE
- TITLE 4. GENERAL LAW DISTRICTS
- CHAPTER 62. ARTICLE XVI, SECTION 59, NAVIGATION DISTRICTS
- SUBCHAPTER E. GENERAL FISCAL PROVISIONS
(a) Instead of depositing the revenue of the district in the manner provided by law for districts, the commission may deposit the revenue in a banking corporation in the manner provided in Section 62.156 of this code.
(b) On selection of a banking corporation by the commission under Subsection (a) of this section, revenue of the district held by anyone other than the selected banking corporation, on order of the commission, shall be deposited in the selected banking corporation to the credit of the district.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Collected 2026-08-27T01:47:48Z. Source file · JSON