Texas Register
TITLE 19 EDUCATION
PART 2TEXAS EDUCATION AGENCY
CHAPTER 109BUDGETING, ACCOUNTING, AND AUDITING
SUBCHAPTER DUNIFORM BANK BID AND DEPOSITORY CONTRACT
RULE §109.52Uniform Depository Bank Contract and Surety Bond Forms [Form]
ISSUE 11/24/2000
ACTION Proposed
Preamble Texas Admin Code Rule
(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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This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State, on November 13, 2000

TRD-200007899

Criss Cloudt

Associate Commissioner, Accountability Reporting and Research

Texas Education Agency

Earliest possible date of adoption: December 24, 2000

For further information, please call: (512) 463-9701

 

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