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Texas Local Government Code - Chapter 117 Depositories For Certain Trust Funds And Court Registry FundsLegal Research Home > Texas Lawyer > Local Government Code > Texas Local Government Code - Chapter 117 Depositories For Certain Trust Funds And Court Registry Funds Sponsored LinksIn this chapter: (1) "Bank" means a banking corporation or association, an individual banker, or a state or federal savings and loan association or savings ... Any funds deposited under this chapter, except cash bail bonds, that are presumed abandoned under Chapter 72, 73, or 75, Property Code, shall be reported ... (a) If any funds deposited under this chapter are placed into an interest-bearing account, any person with a taxable interest in funds deposited to such ... (a) The commissioners court of a county at its May regular term after a general election for state and county officers shall receive an application ... A county shall advertise or give notice that the county will accept applications to be the depository for registry funds held by the county clerk ... (a) At 10 a.m. on the first day of each term at which the commissioners court is required to receive applications to serve as the ... Within 30 days after the date a bank is selected as a depository under this subchapter, the bank must qualify to serve as the depository ... (a) After a bank selected to be a depository under this subchapter qualifies under Section 117.024 and is selected by the commissioners court, the commissioners ... (a) The commissioners court may select a federally insured bank or banks located outside the county to serve as the depository under this subchapter if: ... If the commissioners court has not selected a depository under this subchapter, a clerk holding money, an evidence of debt, an instrument of writing, or ... Except as otherwise expressly stated, the provisions of Chapter 116 relating to county depositories also apply to a depository selected under this chapter. Added by ... (a) If a depository has been selected under Subchapter B, a county clerk or a district clerk who is to have for more than three ... A clerk shall act only in a custodial capacity in relation to a registry fund, a special account, or a separate account. A clerk is ... (a) If a commissioners court selects a new depository under Subchapter B, when the depository qualifies, the county clerk and the district clerk shall transfer ... (a) If a special or separate account earns interest, the clerk, at the time of withdrawal, shall pay in a manner directed by a court ... (a) To compensate the county for the accounting and administrative expenses incurred in handling the registry funds that have not earned interest, including funds in ... (a) A depository selected under Subchapter B shall pay a check drawn by a county or district clerk against funds deposited in the clerk's name ... (a) A commissioners court may require a depository selected under Subchapter B to execute a new bond whenever the commissioners court considers it necessary for ... (a) This section applies to a county with a population of 190,000 or more. (b) If the commissioners court of a county provides a depository ... (a) A county clerk or a district clerk is not responsible for a loss of registry funds resulting from the failure or negligence of a ... If registry funds held by a county clerk or a district clerk and deposited by the county with a depository selected under Subchapter B are ... A depository selected under Subchapter B shall pay a check drawn against funds deposited with the depository in a special or separate account on presentation ... This subchapter applies only to a county with a population of 2.4 million or more. Added by Acts 1989, 71st Leg., ch. 1, § 17(b), ... This subchapter applies to the following kinds of money paid into the registry of any court for which a clerk is or may become responsible: ... The commissioners court of the county collecting the funds may contract with one or more banks in the county for the deposit of the funds ... Once each week for at least three consecutive weeks before the date the contract will be awarded, the county judge shall place over the judge's ... A bank in the county that wants to be a special depository for the registry fund is subject to the same application provisions as those ... At the time and place stated in the notice, the commissioners court shall select a special depository for the registry fund in accordance with the ... A bank selected as a special depository for the registry fund must qualify as the depository in accordance with the same provisions as those prescribed ... Matters regarding special depositories for the registry fund are subject to the same provisions as those prescribed by Chapter 116 regarding county depositories. Added by ... Money paid into the registry of the court shall be deposited by a clerk into the registry fund at the special depository. Added by Acts ... A clerk shall act only in a custodial capacity regarding the registry fund, is not considered to be a trustee for the beneficial owner, and ... (a) Money may be paid from the registry fund only on checks or drafts signed by a clerk on the written order of the court ... (a) The interest derived from money on deposit in the registry fund shall be paid as earned as follows: (1) a sum equal to 10 ... (a) In addition to the regular auditing procedures of the county auditor, the registry funds shall be audited at the end of each county fiscal ... (a) A clerk is not responsible for: (1) a loss of funds resulting from the failure or negligence of a depository; or (2) the safety ... (a) In the absence of a contrary order from a court having jurisdiction over the registry fund, a clerk may transfer money deposited in the ... Last modified: August 11, 2007 |