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Legal Opinion

Opinion No.

Texas Attorney General Reports

Decided June 9, 1977Published

1Opinion of the Court

Honorable Harvey Davis Texas State Soil Water Conservation Board Temple, Texas 76501

Re: Deposit of Soil and Water Conservation District funds in interest-bearing accounts.

Dear Mr. Davis:

You have requested our opinion regarding whether a soil and water conservation district may deposit its funds in interest-bearing time accounts or purchase certificates of deposit at banks and savings and loan associations.

Section 2 of article 165a-10, V.T.C.S., which deals with the "deposit and withdrawal of funds" of soil and water conservation districts, provides:

The Soil and Conservation Funds . . .…

2Cases cited11 opinions

  1. Thompson v. ThompsonTexas Supreme Court · 1951
  2. First National Bank in Grand Prairie v. Lone Star Life Insurance Co.Court of Appeals of Texas · 1975
  3. Lummus Cotton Gin Co. v. WalkerSupreme Court of Alabama · 1916
  4. McCormick v. HopkinsIllinois Supreme Court · 1919
  5. State ex rel. Davis v. Kilgore State BankNebraska Supreme Court · 1924

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