Sec. 9050.152.  DEPOSITORY.  (a)  The board shall select one or more banks or trust companies in this state to act as a depository of bond proceeds or of revenue derived from the operation of district facilities.
(b)  The depository shall, as determined by the board:
(1)  furnish indemnity bonds;
(2)  pledge securities; or
(3)  meet any other requirements.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.