Tex. Local Government Code § 131.001
This is the official text of Tex. Local Government Code § 131.001, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 131.001. SPECIAL DEPOSITORY AUTHORIZED.
Official statutory text
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 taken charge of by a state or federal bank regulatory agency, the local government authority authorized to select the original depository may select by contract a special depository for the public funds in the suspended financial institution.
Status: in_force · Read it on the official government site
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