Relating to authorizing a credit union to act as a school district depository.

This bill amends Texas Education Code to explicitly allow credit unions (state-based, federally insured) to serve as depositories for school district and charter school funds, alongside traditional banks. It directly affects all Texas public school districts and charter schools managing public funds, as it expands their banking options. Key provisions include defining eligible credit unions, requiring depository contracts with them, and ensuring funds remain protected under existing trust and usage rules. The change is a technical update to existing depository requirements, not a new funding program.