|(a) Each school district must use the uniform depository
contract form as provided in subsection (b) of this section. The district
must complete the form and file it electronically with the Texas Education
Agency (TEA) as specified in the Texas Education Code (TEC), §45.208,
and in accordance with filing instructions provided on the TEA website.
(b) This subsection provides the uniform depository
contract form, entitled "Depository Contract for Funds of Independent
School Districts under the Texas Education Code, Chapter 45, Subchapter
G, School District Depositories."
(c) If a district's depository elects a surety bond
to secure the district's deposit amounts less any applicable Federal
Deposit Insurance Corporation insurance, the depository must complete
the surety bond form provided in subsection (d) of this section, attach
it to the contract, and file it with the district. The district must
file a copy of the contract and the surety bond form with the TEA
as specified in the TEC, §45.208, and in accordance with filing
instructions provided on the TEA website.
(d) This subsection provides the uniform surety bond
form, entitled "Texas School Depository Surety Bond Form."
(e) If the TEA receives a contract form and determines
that it is incomplete, the TEA will notify the district.
(f) A district that has no current depository contract
in force and filed with the TEA will receive its warrants from the
TEA by US mail.
(g) For depository contract filing requirements for
charter schools, refer to §100.1043 of this title (relating to
Status and Use of State Funds; Depository Contract).
|Source Note: The provisions of this §109.52 adopted to be effective September 1, 1997, 22 TexReg 3780; amended to be effective March 4, 2001, 26 TexReg 1708; amended to be effective October 13, 2002, 27 TexReg 9316; amended to be effective August 17, 2008, 33 TexReg 6592; amended to be effective May 15, 2014, 39 TexReg 3706; amended to be effective March 29, 2018, 43 TexReg 1850