{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9033.152","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9033.152","heading":"DEPOSITORY.","body":"(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 district facilities.\n(b) The depository shall, as determined by the board:\n(1) furnish indemnity bonds;\n(2) pledge securities; or\n(3) meet any other requirements.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.06, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS","CHAPTER 9033. COMMODORE COVE IMPROVEMENT DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9033.htm#9033.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"df638a4bd77b3b2f66508e6efd630e3f5211e425c5d07da57efb201ebfa6cbab","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9033.151","next":"us-tx/tex.-special-district-local-laws-code-9033.153"},"notice":"GroundRules: Original legal text. Not legal advice."}