Sec. 262.027.  DEPOSITORY.  The authority may:
(1)  select a depository in the same manner that a municipality may select a depository under Chapter 105, Local Government Code;  or
(2)  award its depository contract to the depository or depositories selected as the depository or depositories of the municipality or municipalities in the authority and on the same terms as the terms of the municipal depository agreement or agreements.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.