Texas § SD.8801.064 - DEPOSITORY

Full text of Texas The Texas Constitution § SD.8801.064 — DEPOSITORY, with citation guidance and answers to common questions.

§ SD.8801.064. DEPOSITORY

DEPOSITORY. (a) The board shall name one or more banks to serve as depository for district money. (b) District money must be deposited as received with the depository bank and must remain on deposit. This subsection does not limit the power of the board to place a portion of the district's money on time deposit or to purchase certificates of deposit or other authorized investments. (c) To the extent that money in the depository is not insured by the Federal Deposit Insurance Corporation, the money must be secured as provided by Chapter 2257 , Government Code. Added by Acts 2005, 79th Leg., Ch. 238 (S.B. 1537 ), Sec. 6, eff. May 27, 2005.

Related Texas Legal Topics

Frequently Asked Questions About Texas § SD.8801.064

What does The Texas Constitution § SD.8801.064 cover?

Section SD.8801.064 ("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.8801.064?

A common citation format is "The Texas Constitution § SD.8801.064" (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.8801.064 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.