{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9053.152","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9053.152","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 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE I. WATER CONTROL AND IMPROVEMENT DISTRICTS","CHAPTER 9053. LAZY RIVER IMPROVEMENT DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9053.htm#9053.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"c35313280c018cfe0cf7f93822eb2449e22a2fcfb2cb7f8f64fbbafbf2b6b086","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9053.151","next":"us-tx/tex.-special-district-local-laws-code-9053.153"},"notice":"GroundRules: Original legal text. Not legal advice."}