{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9305.0403","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9305.0403","heading":"DEPOSITORY.","body":"Text of section effective on April 01, 2027\n(a) The board shall designate one or more banks to serve as a depository for district money.\n(b) District money shall be deposited in a designated depository, except that money shall be remitted to the bank of payment to pay the principal of and interest on the district's outstanding bonds.\n(c) Membership of a bank officer or director on the board does not disqualify the bank from being designated as a depository.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.04, eff. April 1, 2027.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE J. WATER IMPROVEMENT DISTRICTS","CHAPTER 9305. ESCONDIDO WATERSHED DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9305.htm#9305.0403","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"a59c86604102ee029e767cd73f5959ec0ca6161dff2a8cbf8349edd798803394","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9305.0402","next":"us-tx/tex.-special-district-local-laws-code-9305.0404"},"notice":"GroundRules: Original legal text. Not legal advice."}