Tex. Local Government Code § 105.031
This is the official text of Tex. Local Government Code § 105.031, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 105.031. QUALIFICATION AS DEPOSITORY.
Official statutory text
(a) The bank or savings association, to qualify as a municipal depository, must, not later than five days before the commencement of the term of the depository services contract, provide security for the municipal funds to be deposited in accordance with the terms of the depository services contract.
(b) Chapter 2257, Government Code governs the type, level, substitution, possession, release, and method of valuation of the security necessary to secure the deposit of municipal funds.
(c) Repealed by Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff. Sept. 1, 2001.
(b) Chapter 2257, Government Code governs the type, level, substitution, possession, release, and method of valuation of the security necessary to secure the deposit of municipal funds.
(c) Repealed by Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff. Sept. 1, 2001.
Status: repealed · Read it on the official government site
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