{"data":{"id":"us-tx/tex.-transportation-code-452.103","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 452.103","heading":"DEPOSITORY; DEPOSIT OF FUNDS.","body":"(a) The executive committee shall designate one or more banks as depositories for authority funds.\n(b) All funds of an authority that are not otherwise invested shall be deposited in one or more of the authority's depository banks unless otherwise required by an order or resolution authorizing the issuance of an authority bond or note or other contractual undertaking.\n(c) Funds in a depository, to the extent that those funds are not insured by the Federal Deposit Insurance Corporation, shall be secured in the manner provided by law for the security of county funds.\nActs 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE K. MASS TRANSPORTATION","CHAPTER 452. REGIONAL TRANSPORTATION AUTHORITIES","SUBCHAPTER C. MANAGEMENT OF AUTHORITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.452.htm#452.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"3fc6548791d5ac2b3be254d2caee0425aa699fe268d50f1323c804dab05411ef","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-452.102","next":"us-tx/tex.-transportation-code-452.104"},"notice":"GroundRules: Original legal text. Not legal advice."}