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Texas Local Government Code - Chapter 131 Depository Provisions Affecting Funds Of Municipalities, Counties, And Other Local Governments

Legal Research Home > Texas Laws > Local Government Code > Texas Local Government Code - Chapter 131 Depository Provisions Affecting Funds Of Municipalities, Counties, And Other Local Governments

  • Texas Local Government Code Section 131.001 - Special Depository Authorized
    If a financial institution that is a depository under state law for the public funds of a county, municipality, or district suspends business or is ...
  • Texas Local Government Code Section 131.002 - Duties Of Special Depository
    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 ...
  • Texas Local Government Code Section 131.003 - Special Depository Contract
    (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 ...
  • Texas Local Government Code Section 131.004 - Bond
    (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 ...
  • Texas Local Government Code Section 131.005 - State Funds
    (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 ...
  • Texas Local Government Code Section 131.901 - Out-Of-State Depository Prohibited
    (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 ...
  • Texas Local Government Code Section 131.902 - Pursuit Of Legal Remedies Against Suspended Bank
    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 ...
  • Texas Local Government Code Section 131.903 - Conflict Of Interest
    (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


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