Texas Business and Commerce Code 671.105 – Depository; Order to Disburse
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(a) The treasurer of the authority shall deposit money collected by the authority in a separate account in a bank or trust company.
(b) Money of the authority may be paid out on the warrant or other order of the presiding officer of the board or another person designated by the authority.
Terms Used In Texas Business and Commerce Code 671.105
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.