Texas § ED.45.209 - INVESTMENT OF DISTRICT FUNDS
Full text of Texas The Texas Constitution § ED.45.209 — INVESTMENT OF DISTRICT FUNDS, with citation guidance and answers to common questions.
§ ED.45.209. INVESTMENT OF DISTRICT FUNDS
INVESTMENT OF DISTRICT FUNDS. The school district may provide in its bid or proposal blank for the right to place on time deposits with savings and loan institutions located in this state only funds that are fully insured by the Federal Deposit Insurance Corporation. A district may not place on deposit with any savings and loan institution any bond or certificate of indebtedness proceeds as provided by Section 45.102 . A depository bank may not be compelled without its consent to accept on time deposit any bond proceeds under Section 45.102 , but a depository bank may offer a bid or proposal of interest equaling the highest bid or proposal of interest for the time deposit of the bond proceeds tendered by another bank. If the depository bank equals the bid or proposal, it is entitled to receive the bond proceeds on time deposit. Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by: Acts 2007, 80th Leg., R.S., Ch. 322 (H.B. 2411 ), Sec. 5, eff. June 15, 2007. SUBCHAPTER H. ASSESSMENT AND COLLECTION OF TAXES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.45.209
What does The Texas Constitution § ED.45.209 cover?
Section ED.45.209 ("INVESTMENT OF DISTRICT FUNDS") 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.45.209?
A common citation format is "The Texas Constitution § ED.45.209" (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.45.209 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.