81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 83 of 126
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S.B. No. 1540
other p rsons. (V.A.C.S. Art. 6550c-1, Sec. 4(k) (part).)
i.Sec. 173.254. DEPOSITORY. (a) The board by resolution
shall1name one or more banks for the deposit of district funds.
S; (b) District funds are public funds and may be invested in
securities permitted by Chapter 2256, Government Code.
(c) To the extent district funds are not insured by the
Federal Deposit Insurance Corporation or its successor, the funds
shall be collateralized in the manner provided for county funds.
(V.A.C.S. Art. 6550c-1, Sec. 4(r).)
Sec. 173.255. PURCHASE OF ADDITIONAL INSURED PROVISIONS. A
district may purchase an additional insured provision to any
liability insurance contract. (V.A.C.S. Art. 6550c-1, Sec. 4(o).)
See. 173.256. FINANCING OF CERTAIN TRANSPORTATION
INFRASTRUCTURE. (a) This section applies only to a local
government, other than a school district, that is a member of a
district and that is authorized to impose ad valorem taxes on real
p oper ty.
(b) A district may enter into an interlocal contract with a
local government member for the financing of transportation
inf structure that is constructed or that is to be constructed in'
the erritory of the local government by the district.
2 .(c) The agreement must include:
(1) the durati n of the agreement;
4 1 (2) a description of each transportation
infrastructure project or proposed project;
i (3) a map showing the location of each project and
7 (4) an estimate of the cost of each project.
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310917/m1/83/: accessed October 20, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.