| (a) Each school district is to use a depository contract form
as specified in Texas Education Code (TEC), 45.208. The depository contract
form must be completed and filed with the Texas Education Agency (TEA) as
specified in TEC, §45.208, and in accordance with filing instructions
specified in the form.
(b) The depository contract form is provided in this subsection
entitled "Depository Contract for Funds of Independent School Districts Under
Texas Education Code, Chapter 45, Subchapter G, School District Depositories."
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(c) In the event that a school district's depository elects
a surety bond to secure school district deposit amounts less any applicable
Federal Deposit Insurance Corporation insurance, a surety bond form must be
completed and filed with the TEA as specified in TEC, §45.208.
(d) The surety bond form is provided in this subsection entitled
"Texas School Depository Bond Form."
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