Section 2257.063 - Mitigating Circumstances(a) The comptroller shall consider the total circumstances relating to the performance of a depository or custodian when the comptroller makes a finding required by Section 2257.062, including the extent to which the noncompliance is minor, isolated, temporary, or nonrecurrent.(b) The comptroller may not find that a depository or custodian did not maintain reasonable compliance with this chapter if the noncompliance results from the public entity's failure to comply with Section 2257.026.(c) This section does not relieve a depository or custodian of the obligation to secure a deposit of public funds with eligible security in the amount and manner required by this chapter within a reasonable time after the public entity deposits the deposit of public funds with the depository.Tex. Gov't. Code § 2257.063
Amended by Acts 1997, 75th Leg., ch. 891, Sec. 3.19, eff. 9/1/1997.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.