Tex. Transportation Code § 257.110
This is the official text of Tex. Transportation Code § 257.110, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 257.110. DISTRICT TREASURER OR DEPOSITORY.
Official statutory text
(a) At a joint meeting held for that purpose in the county having the greatest population, the commissioners of the counties included in whole or part in a road district established under this subchapter shall select a treasurer or depository for the district. The treasurer or depository must be a bank, banking corporation, or individual banker resident in the district.
(b) The treasurer or depository is governed by the laws and subject to the penalties applicable by law to a depository of county money.
(c) The selected treasurer or depository may not receive any road district money until the treasurer or depository gives a surety bond to the district:
(1) in an amount equal to the amount of district money deposited;
(2) made with a corporate surety authorized to do business in the state; and
(3) conditioned on the safekeeping and paying of the district money.
(b) The treasurer or depository is governed by the laws and subject to the penalties applicable by law to a depository of county money.
(c) The selected treasurer or depository may not receive any road district money until the treasurer or depository gives a surety bond to the district:
(1) in an amount equal to the amount of district money deposited;
(2) made with a corporate surety authorized to do business in the state; and
(3) conditioned on the safekeeping and paying of the district money.
Status: in_force · Read it on the official government site
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