{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8510.0409","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8510.0409","heading":"DEPOSITORY.","body":"(a) The board shall designate one or more banks in the authority to serve as depository for the authority's money.\n(b) Authority money shall be deposited in a depository, except that:\n(1) money pledged to pay bonds may be deposited with the trustee bank named in the trust agreement; and\n(2) money shall be remitted to the bank of payment for the payment of the principal of and interest on bonds.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8510. RED RIVER AUTHORITY OF TEXAS","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8510.htm#8510.0409","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"78f752a0b8285f415375fe80f6b45c1ed6c2945acd9e21b258dd7765cb16f605","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8510.0408","next":"us-tx/tex.-special-district-local-laws-code-8510.0410"},"notice":"GroundRules: Original legal text. Not legal advice."}