Texas § WA.49.156 - DEPOSITORY

Full text of Texas The Texas Constitution § WA.49.156 — DEPOSITORY, with citation guidance and answers to common questions.

§ WA.49.156. DEPOSITORY

DEPOSITORY. (a) The board, by order or resolution, shall designate one or more banks or savings associations within the state to serve as the depository for the funds of the district. The board shall not be required to advertise or solicit bids in selecting its depositories. (b) To the extent that funds in the depository banks or savings associations are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided by law for the security of funds by Chapter 2257 , Government Code (Public Funds Collateral Act). (c) The board may authorize a designated representative to supervise the substitution of securities pledged to secure the district's funds. Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.

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Frequently Asked Questions About Texas § WA.49.156

What does The Texas Constitution § WA.49.156 cover?

Section WA.49.156 ("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 § WA.49.156?

A common citation format is "The Texas Constitution § WA.49.156" (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 § WA.49.156 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.