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Texas Special District Local Laws Code

§ 1010.155 — DEPOSITORY

SD § 1010.155Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1010. BURLESON COUNTY HOSPITAL DISTRICT · Art. D. GENERAL FINANCIAL PROVISIONS

Statute text

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(a)The board shall select one or more banks to serve as the district's depository.
(b)District money shall be deposited as received with the district's depository bank.
(c)All deposits shall be secured in the manner provided for securing county funds. Deposits may be placed on time deposit or used to purchase certificates of deposit.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1010.155 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.