�鶹ֱ��

A charter holder must have a depository bank into which the �鶹ֱ�� deposits funds for the charter holder. The charter holder creates a depository relationship with a bank by executing a depository contract with the bank.��

Related Texas Rules and Statutes

• , relating to deposit of state funds by charter holder
• , including��the definition of “bank” as related to school districts and referenced in the depository contract for charter holders
• , relating to filing of electronic documents
• , relating to requirement of a depository bank, contract and filing date
• , relating to filing date
• Financial Accountability System Resource Guide, Module 2:��Special Supplement—Charter Schools��(PDF, 1,319KB)

Procedure for Required Submission of Depository Contract information by Charter Holder Due Each Year

The Charter Holder Depository Contract information must be submitted every year in alignment with the Governance Reporting due date as listed at the bottom of the Charter School Governance web page.����The charter holder must either:

• complete and submit a ��or
  • ��Depository Contract for Funds of Open-Enrollment Charter Schools (PDF, 401KB)��to the �鶹ֱ�� Financial Compliance Division and a
  • ��Direct Deposit Authorization Form (PDF, 743 KB)

or

• file a signed statement��that there have been no changes to the accepted depository contract currently on file with �鶹ֱ��.

The contract and direct deposit form or the statement must be submitted electronically through the Texas Education Agency Login (�鶹ֱ��L) Audit application. See Electronic Submission of Depository Contract Files at the bottom of this page.

Review the instructions below before submission because the depository contract and the direct deposit form will not be accepted if the forms are incomplete or incorrect.

• Depository Contract for Funds of Open-Enrollment Charter Schools (PDF, 401 KB)
• Summary of Laws and Procedures Pertaining to Depository Contracts for the Funds of Open-Enrollment Charter Schools��(PDF, 26KB)

Account Information Update��

If direct deposit account information changes,��a new vendor direct deposit authorization form must be submitted.

• Direct Deposit Authorization Form with instructions (PDF, 743 KB)

Electronic Submission of Depository Contract Files

Please review the Depository Contracts Electronic Submission Process for instructions on submitting depository contract files to �鶹ֱ��.