Texas Register

TITLE 19 EDUCATION
PART 2TEXAS EDUCATION AGENCY
CHAPTER 109BUDGETING, ACCOUNTING, AND AUDITING
SUBCHAPTER DUNIFORM BANK BID OR REQUEST FOR PROPOSAL AND DEPOSITORY CONTRACT
RULE §109.52Uniform Depository Bank Contract and Surety Bond Forms
ISSUE 03/07/2014
ACTION Proposed
Preamble Texas Admin Code Rule

(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.

[(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)This subsection provides the [The] uniform depository contract form, [is provided in this subsection] entitled "Depository Contract for Funds of Independent School Districts under the [Under] Texas Education Code, Chapter 45, Subchapter G, School District Depositories."

Attached Graphic

[Figure: 19 TAC §109.52(b)]

(c)If [In the event that] a [school] district's depository elects a surety bond to secure the district's [school district] deposit amounts less any applicable Federal Deposit Insurance Corporation insurance, the depository must complete the [a] surety bond form provided in subsection (d) of this section, attach it to the contract, [must be completed] and file it [filed] 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 [The] uniform surety bond form, [is provided in this subsection ] entitled "Texas School Depository Surety Bond Form."

Attached Graphic

[Figure: 19 TAC §109.52(d)]

(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) [(e)] 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).

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on February 20, 2014

TRD-201400783

Cristina De La Fuente-Valadez

Director, Rulemaking

Texas Education Agency

Earliest possible date of adoption: April 6, 2014

For further information, please call: (512) 475-1497



Next Page Previous Page

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page