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Texas Local Government Code - Chapter 131 Depository Provisions Affecting Funds Of Municipalities, Counties, And Other Local GovernmentsLegal Research Home > Texas Lawyer > Local Government Code > Texas Local Government Code - Chapter 131 Depository Provisions Affecting Funds Of Municipalities, Counties, And Other Local Governments Sponsored LinksIf a financial institution that is a depository under state law for the public funds of a county, municipality, or district suspends business or is ... The special depository shall assume the payment of the amount of public funds due by the suspended bank on the date of its suspension, including ... (a) The contract must require the payment of the deposit in installments as agreed to by the parties. The last installment must be paid not ... (a) To secure the performance of a special depository contract, the special depository shall execute a bond, or bonds in the case of installments, with ... (a) The comptroller shall determine the amount of state funds held by a county depository that suspends business or is taken charge of by a ... (a) The governing body of a political subdivision, including a county, municipality, school district, or other district, may not designate a financial institution located outside ... A county, municipality, or district authority may proceed with available legal remedies against a suspended bank that is a depository for public funds of the ... (a) A bank is not disqualified from serving as a depository for funds of a political subdivision if: (1) an officer or employee of the ... Last modified: August 11, 2007 |