Texas Administrative Code
Title 19 - EDUCATION
Part 2 - TEXAS EDUCATION AGENCY
Chapter 109 - BUDGETING, ACCOUNTING, AND AUDITING
Subchapter D - UNIFORM BANK BID OR REQUEST FOR PROPOSAL AND DEPOSITORY CONTRACT
Section 109.52 - Uniform Depository Bank Contract and Surety Bond Forms
Current through Reg. 50, No. 13; March 28, 2025
(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).
