Special District Local Laws Code § 1086.159
The board must choose at least one depository bank for district money, and district money generally must be deposited there and kept on deposit. The district may not leave more than FDIC-insured amounts in a bank unless extra security is provided. The board also retains power to place money on time deposit or buy certi
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- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The board must choose at least one depository bank for district money, and district money generally must be deposited there and kept on deposit. The district may not leave more than FDIC-insured amounts in a bank unless extra security is provided. The board also retains power to place money on time deposit or buy certificates of deposit.
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Special District Local Laws Code § 1086.159
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