1001.303 – DEPOSITORY. (a) The board shall select one or
Texas Special District Local Laws Code § 1001.303
Summary
This law requires the board of a special district to select one or more financial depositories for managing the district's funds. The chosen depository will remain in place until a new one is selected, ensuring consistent management of the district's income, including tax revenue.
Board must select depositories as per county law.
Depositories manage district funds until replaced.
Includes all district income, net of fees.
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In simple terms: Learn about Texas's DEPOSITORY. (a) The board shall select one or law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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