Texas Transportation Code

§ 284.044 — DEPOSITORY

TN § 284.044Title 6. ROADWAYS · Part D. ROAD LAWS RELATING TO PARTICULAR COUNTIES · Ch. 284. CAUSEWAYS, BRIDGES, TUNNELS, TURNPIKES, FERRIES, AND HIGHWAYS IN CERTAIN COUNTIES · Art. B. BOND PROVISIONS

Statute text

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A bank or trust company in this state may:

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

(2)provide indemnity bonds or pledge securities the county requires.

Legislative history

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