Sec. 1057.152. DEPOSITORY. (a) The board by resolution shall designate a bank in the county as the district's depository. A designated bank serves for two years and until a successor is designated. (b) All income received by the district shall be deposited with the district depository. (c) The net revenue from the tax imposed under Section 1057.201 may be withdrawn as directed by the board. (d) All district money shall be secured in the manner provided for securing county funds.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.