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Texas Special District Local Laws Code

§ 1035.201 — DEPOSITORY

SD § 1035.201Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1035. DEWITT MEDICAL DISTRICT · Art. E. GENERAL FINANCIAL PROVISIONS

Statute text

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

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source: Texas Special District Local Laws Code § 1035.201 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.