Texas § ED.45.205 - TERM OF CONTRACT

Full text of Texas The Texas Constitution § ED.45.205 — TERM OF CONTRACT, with citation guidance and answers to common questions.

§ ED.45.205. TERM OF CONTRACT

TERM OF CONTRACT. (a) Except as provided by Subsection (b), the depository bank when selected shall serve for a term of two years and until its successor is selected and has qualified. (b) A school district and the district's depository bank may agree to extend a depository contract for three additional two-year terms. The contract may be modified for each two-year extension if both parties mutually agree to the terms. An extension under this subsection is not subject to the requirements of Section 45.206 . (c) The contract term and any extension must coincide with the school district's fiscal year. Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by Acts 1997, 75th Leg., ch. 1308, Sec. 1, eff. June 20, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 322 (H.B. 2411 ), Sec. 2, eff. June 15, 2007. Acts 2017, 85th Leg., R.S., Ch. 1117 (S.B. 754 ), Sec. 1, eff. September 1, 2017.

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Frequently Asked Questions About Texas § ED.45.205

What does The Texas Constitution § ED.45.205 cover?

Section ED.45.205 ("TERM OF CONTRACT") 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 § ED.45.205?

A common citation format is "The Texas Constitution § ED.45.205" (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 § ED.45.205 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.