Sec. 281.093. DEPOSITORY. (a) Not later than the 30th day after the appointment of the board, the board shall:
(1) select a depository for district funds in the manner provided by law for the selection of a county depository; or
(2) elect to use the depository previously selected by the county.
(b) If the board selects a depository in accordance with Subsection (a)(1), the depository shall serve as the district depository for four years and until its successor is selected and qualified.
(c) The board may extend any contract with a depository to the next October and then select a depository for the following four years.
(d) All income of the district shall be deposited in the district depository.
(e) Warrants against district funds do not require the county clerk's signature.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 246, Sec. 1, eff. Aug. 30, 1993.
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