Tex. Local Government Code § 116.111
This is the official text of Tex. Local Government Code § 116.111, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 116.111. CHARACTER AND AMOUNT OF DEPOSITS.
Official statutory text
The commissioners court may determine and designate the character and amount of county funds that will be demand deposits and that will be time deposits. The commissioners court may contract with a depository for interest on time deposits at any legal rate under a federal law or under a rule adopted by the board of governors of the Federal Reserve System or by the board of directors of the Federal Deposit Insurance Corporation.
Status: in_force · Read it on the official government site
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