Texas § SD.6610.154 - DEPOSITORY

Full text of Texas The Texas Constitution § SD.6610.154 — DEPOSITORY, with citation guidance and answers to common questions.

§ SD.6610.154. DEPOSITORY

DEPOSITORY. (a) The board shall designate one or more banks in the district to serve as a depository for district money. (b) All district money shall be deposited in a depository bank, except that sufficient money shall be remitted to the appropriate bank of payment to pay the principal of and interest on the district's outstanding bonds on or before the maturity date of the principal and interest. (c) To the extent that money in a depository bank is not insured by the Federal Deposit Insurance Corporation, the money must be secured in the manner provided by law for the security of county funds. (d) If the board designates a depository bank as the treasurer of the district, the bank shall serve as the treasurer. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.01, eff. April 1, 2017. SUBCHAPTER E. TAXES

Related Texas Legal Topics

Frequently Asked Questions About Texas § SD.6610.154

What does The Texas Constitution § SD.6610.154 cover?

Section SD.6610.154 ("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.6610.154?

A common citation format is "The Texas Constitution § SD.6610.154" (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.6610.154 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.