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Texas Special District Local Laws Code

§ 1064.209 — DEPOSITORY

SD § 1064.209Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1064. MOORE COUNTY HOSPITAL DISTRICT · Art. E. GENERAL FINANCIAL PROVISIONS

Statute text

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(a)The board shall select one or more depositories for district money.
(b)District money, other than money invested as provided by Section 1064.210(b), and money transmitted to a bank for payment of bonds or obligations issued or assumed by the district, shall be deposited as received with the depository and shall remain on deposit.
(c)This chapter, including Subsection (b), does not limit the power of the board to:
(1)place a part of district money on time deposit or other forms of deposit; or
(2)purchase certificates of deposit.

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 § 1064.209 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.