CK. College Depository

South Plains College shall bid on the college bank depository every two years, unless extended. The term shall commence and terminate on the fiscal year of odd numbered years.

The college and the college’s depository bank may agree to extend the depository contract for three additional two-year terms. The contract may be modified for each two-year extension if both parties mutually agree to the terms. An extension under this subsection is not subject to the requirements of Texas Education Code 45.206. (Bid or Request for Proposal Notices; Bid and Proposal Forms).

The contract term and any extension must coincide with the college’s fiscal year.


Revised 4/5/2023