(a) The board by resolution shall designate a bank or banks in Hopkins County as the district's depository or treasurer. A designated bank serves for three years and until a successor is designated.(b) All income received by the district shall be deposited with the district depository.(c) All district money shall be secured in the manner provided for securing county funds. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 743 (H.B. 1144), Sec. 2, eff. June 17, 2011.
Texas Legal Code