Tex. Loc. Gov't Code § 105.031

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 105.031 - Qualification As Depository

(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(c) Repealed by Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff.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.

Tex. Loc. Gov't. Code § 105.031

Amended By Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff. 9/1/2001.

Amended By Acts 1995, 74th Leg., ch. 76, Sec. 5.95(12), eff. 9/1/1995

Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. 9/1/1993

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. 9/1/1987.