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Texas Special District Local Laws Code

§ 1057.152 — DEPOSITORY

SD § 1057.152Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1057. MATAGORDA COUNTY HOSPITAL DISTRICT OF MATAGORDA COUNTY, TEXAS · Art. D. 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 income received by the district shall be deposited with the district depository.
(c)The net revenue from the tax imposed under Section 1057.201 may be withdrawn as directed by the board.
(d)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 § 1057.152 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.