S.B. No. 499 amends Section 1112.155(a) of the Special District Local Laws Code regarding the selection of a depository bank for the West Coke County Hospital District. The bill allows the board of directors to select one or more banks to serve as a depository for district money, removing the previous requirement that the banks must be located within the district. This change provides the board with greater flexibility in choosing financial institutions that may better serve the district's needs.

The bill is set to take effect immediately upon receiving a two-thirds vote from both houses of the Texas Legislature; otherwise, it will take effect on September 1, 2025. The Senate passed the bill with a vote of 29-0, and the House approved it with a vote of 117-11, with two members present but not voting.

Statutes affected:
Introduced: Special District Local Laws Code 1112.155 (Special District Local Laws Code 1112)
Senate Committee Report: Special District Local Laws Code 1112.155 (Special District Local Laws Code 1112)
Engrossed: Special District Local Laws Code 1112.155 (Special District Local Laws Code 1112)
House Committee Report: Special District Local Laws Code 1112.155 (Special District Local Laws Code 1112)
Enrolled: Special District Local Laws Code 1112.155 (Special District Local Laws Code 1112)