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Texas Special District Local Laws Code

§ 1029.155 — DEPOSITORY OR TREASURER

SD § 1029.155Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1029. FOLLETT HOSPITAL DISTRICT · Art. D. GENERAL FINANCIAL PROVISIONS

Statute text

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(a)The board by resolution shall designate a bank or banks in the district as the district's depository or treasurer. A designated bank serves for two years and until a successor is designated.
(b)All income received by the district shall be deposited with the district depository.
(c)All district money shall be secured in the manner provided for securing county funds.

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 § 1029.155 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.