Texas Local Government Code Title 4, Chapter 131 - Depository Provisions Affecting Funds Of Municipalities, Counties, And Other Local Governments

SUBCHAPTER A SPECIAL DEPOSITORY

• Texas 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 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 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 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...

SUBCHAPTER Z MISCELLANEOUS PROVISIONS

• Texas 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 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 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 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: September 28, 2016