{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8262.155","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8262.155","heading":"DEPOSITORY.","body":"(a) The board shall select one or more banks in this state to act as depository for the district's money.\n(b) To the extent that money in the depository bank is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds.\n(c) A director may be a shareholder in a bank that is a depository of district money.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE F. MUNICIPAL UTILITY DISTRICTS","CHAPTER 8262. LOUETTA ROAD UTILITY DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8262.htm#8262.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"6b588ba658dfbf6e9a285add68749637e049a8432a08721b4adc0d358ed46013","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8262.154","next":"us-tx/tex.-special-district-local-laws-code-8262.201"},"notice":"GroundRules: Original legal text. Not legal advice."}