Texas § SD.5013.152 - SELECTION OF DEPOSITORY

Full text of Texas The Texas Constitution § SD.5013.152 — SELECTION OF DEPOSITORY, with citation guidance and answers to common questions.

§ SD.5013.152. SELECTION OF DEPOSITORY

SELECTION OF DEPOSITORY. (a) Except as provided by this section, the authority shall select a depository for the authority in the manner provided by Section 60.271 , Water Code. (b) The authority shall select a depository in a manner to ensure that authority funds are fully insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund. (c) The authority may select more than one institution to serve as a depository in order to comply with the requirement under Subsection (b). Added by Acts 2021, 87th Leg., R.S., Ch. 35 (S.B. 635 ), Sec. 6, eff. May 15, 2021.

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Frequently Asked Questions About Texas § SD.5013.152

What does The Texas Constitution § SD.5013.152 cover?

Section SD.5013.152 ("SELECTION OF DEPOSITORY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § SD.5013.152?

A common citation format is "The Texas Constitution § SD.5013.152" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § SD.5013.152 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.