- (a) The board by resolution shall select one or more banks inside or outside the district to serve as the district's depository.
- (b) All district money, other than money invested as provided by Section 1116.156, shall be deposited in the depository and secured in the manner provided for securing county funds.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Acts 2025, 89th Leg., R.S., Ch. 1059 (H.B. 5664), Sec. 3, eff. September 1, 2025.