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Texas Special District Local Laws Code

§ 1053.203 — DEPOSITORY

SD § 1053.203Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1053. LUBBOCK COUNTY HOSPITAL DISTRICT OF LUBBOCK COUNTY, TEXAS · Art. E. GENERAL FINANCIAL PROVISIONS

Statute text

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(a)The board shall select a depository for the district in the manner provided by law for selection of a county depository. The depository serves for two years and until a successor is selected and qualified. In the alternative, the board may use the depository selected by the county.
(b)All income received by the district shall be deposited with the district depository.

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 § 1053.203 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.