Tex. Local Government Code § 131.002
This is the official text of Tex. Local Government Code § 131.002, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 131.002. DUTIES OF SPECIAL DEPOSITORY.
Official statutory text
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 interest to that date, and shall pay that amount to the designated local government authority in accordance with the contract entered into by the special depository.
Status: in_force · Read it on the official government site
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