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Tex. Transp. Code § 284.044

DEPOSITORY

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff

A bank or trust company in this state may:

(1) act as depository of bond proceeds or revenues derived from the operation of the project; and

(2) provide indemnity bonds or pledge securities the county requires.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.