(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 district money shall be secured in the manner provided for securing county funds. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Texas Legal Code