Texas Transportation Code

§ 283.204 — DEPOSITORY FOR PROCEEDS AND REVENUES

TN § 283.204Title 6. ROADWAYS · Part D. ROAD LAWS RELATING TO PARTICULAR COUNTIES · Ch. 283. CAUSEWAYS, BRIDGES, AND TUNNELS IN CERTAIN COUNTIES · Art. C. PROVISIONS RELATING TO BONDS

Statute text

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A bank or trust company in this state may:

(1)act as a depository of bond proceeds or revenues received from the operation of a project; and

(2)provide an indemnity bond or pledge securities required by the county.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.