Sec. 1076.157. DEPOSITORY. (a) The board shall select one or more banks in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities.
(b) The depository shall, as determined by the board:
(1) furnish indemnity bonds;
(2) pledge securities; or
(3) meet any other requirement.
(c) Membership on the district's board of an officer or director of a bank does not disqualify the bank from being selected as depository.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1076 - Starr County Hospital District of Starr County, Texas
Subchapter D. General Financial Provisions
Section 1076.152. Proposed Budget: Notice and Hearing
Section 1076.154. Annual Audit
Section 1076.155. Financial Report
Section 1076.156. Projects and Purchases Exempt From Assessment or Taxation