{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1114.156","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1114.156","heading":"DEPOSITORY.","body":"(a) Every two years, the board shall select one or more banks in the district to serve as a depository for district money.\n(b) All district money, other than money invested as provided by Section 1114.157(b), and money transmitted to a bank for payment of bonds or obligations issued or assumed by the district, shall be deposited as received with the depository and shall remain on deposit.\n(c) This chapter, including Subsection (b), does not limit the power of the board to:\n(1) place a part of district money on time deposit; or\n(2) purchase certificates of deposit, obligations of the United States, or obligations guaranteed by the United States.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1114. WILLACY COUNTY HOSPITAL DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1114.htm#1114.156","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"2561a070df0fd7c825e9e6269b856573748aa5616cf5f0cd4d3f929cbb161e76","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1114.155","next":"us-tx/tex.-special-district-local-laws-code-1114.157"},"notice":"GroundRules: Original legal text. Not legal advice."}