Texas § SD.9305.0403 - DEPOSITORY
Full text of Texas The Texas Constitution § SD.9305.0403 — DEPOSITORY, with citation guidance and answers to common questions.
§ SD.9305.0403. DEPOSITORY
DEPOSITORY. (a) The board shall designate one or more banks to serve as a depository for district money. (b) District money shall be deposited in a designated depository, except that money shall be remitted to the bank of payment to pay the principal of and interest on the district's outstanding bonds. (c) Membership of a bank officer or director on the board does not disqualify the bank from being designated as a depository. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.04, eff. April 1, 2027. Text of section effective on April 01, 2027
Frequently Asked Questions About Texas § SD.9305.0403
What does The Texas Constitution § SD.9305.0403 cover?
Section SD.9305.0403 ("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.9305.0403?
A common citation format is "The Texas Constitution § SD.9305.0403" (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.9305.0403 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.