Transportation Code › Title 6 › Chapter 284 › Subchapter B

Texas Transportation Code § 284.044

Depository

Causeways, Bridges, Tunnels, Turnpikes, Ferries, and Highways in Certain Counties · Bond Provisions

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 text of the Texas Transportation Code as published by the Texas Legislative Council.

Official source
Legislative history

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