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.
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.