{"data":{"id":"us-tx/tex.-special-district-local-laws-code-8515.0402","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 8515.0402","heading":"DEPOSITORY.","body":"Text of section effective on April 01, 2027\n(a) The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of authority facilities.\n(b) The depository shall, as determined by the board:\n(1) provide indemnity bonds;\n(2) pledge securities; or\n(3) meet any other requirements.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE G. RIVER AUTHORITIES","CHAPTER 8515. UPPER GUADALUPE RIVER AUTHORITY","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8515.htm#8515.0402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"e29a95eecce4e2545d5c7245be6ff692e894108e3ed920809e1bad51843fec70","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-8515.0401","next":"us-tx/tex.-special-district-local-laws-code-8515.0403"},"notice":"GroundRules: Original legal text. Not legal advice."}