Relating to the selection by the board of directors of the West Coke County Hospital District of a depository bank for the district.

SB 499 amends Texas law to allow the board of directors for the West Coke County Hospital District (and similar districts) to select any bank - not just those located within the district - as a depository for district funds. The bill removes the requirement that depository banks must be "in the district," expanding the pool of eligible banks. This change directly affects hospital districts managing public funds by giving them more flexibility in choosing financial institutions. The bill takes effect immediately if passed with a two-thirds vote or September 1, 2025, if not.