Sec. 283.204. DEPOSITORY FOR PROCEEDS AND REVENUES. A bank or trust company in this state may:
(1) act as a depository of bond proceeds or revenues received from the operation of a project; and
(2) provide an indemnity bond or pledge securities required by the county.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle D - Road Laws Relating to Particular Counties
Chapter 283 - Causeways, Bridges, and Tunnels in Certain Counties
Subchapter C. Provisions Relating to Bonds
Section 283.201. Bond Proceeds
Section 283.202. Costs and Expenses
Section 283.203. Source of Repayment
Section 283.204. Depository for Proceeds and Revenues
Section 283.205. Trust Indenture Permitted
Section 283.206. Bond Provisions
Section 283.207. Bond Approval and Registration